Azerbaijan, Baku, March 11 / Trend F.Mehdi/
Iran's Judiciary Spokesman Gholam-Hossein Mohseni-Ejei said that the ministry of economy and the central bank had played important roles in the recent financial fraud case, the Mehr News Agency reported.
"If ministry of economy and the central bank had done their duties faithfully, such a big financial corruption would have not taken place," he said. "Such cases may be repeated in the future if we do not take preventive measures."
On February 17, 2012, Mohseni-Ejei said that four people who involved in 3 billion dollars bank fraud case were sentenced to death, Mehr news agency reported on Sunday.
According to him, other main culprits in the fraud case have been sentenced to life, as well as imprisonment for 10 years and pecuniary punishment.
The embezzlement case started in 2007 by Amir Mansour Arya Investment Company, and progressed in 2010 after some Iranian major banks, including Bank Saderat and Bank Melli, issued loans for the company.
Iranian officials say that the case involved the use of fraudulent documents to obtain credit for this investment company, one of the country's top financial institutions.
The company used them to purchase assets such as state-owned companies.