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Iranian bank officials arrested for $2.8 bln corruption

Society Materials 9 September 2011 15:19
Three high-ranking officials of Iranian Saderat (Export) Bank were arrested on charges of corruption for $2.8 billion
Iranian bank officials arrested for $2.8 bln corruption

Azerbaijan , Baku, Sept. 9 / Trend /

Three high-ranking officials of Iranian Bank Saderat (Export) were arrested on charges of corruption for $2.8 billion, Head of the bank Mohammad Jahromi said.

So far, six people have been questioned because of corruption case so far and three officials were arrested on charges of falsifying documents and corruption, reported Mehr News Agency quoting to Jahromi as saying.

Bank Saderat is one of Iran's major banks with 3,300 active branches and share capital of $1.6 billion.

In September 2006, the U.S. government imposed sanctions on Bank Saderat Iran, barring it from dealing with U.S. financial institutions.

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