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Iranian Parliament reports Industries and Mines Ministry's violation to Judiciary

Business Materials 26 June 2011 15:13 (UTC +04:00)
Iranian Parliament reports Industries and Mines Ministry's violation to Judiciary
Iranian Parliament reports Industries and Mines Ministry's violation to Judiciary

Azerbaijan , Baku, June 26 /Trend/

Iran 's parliament has reported to the judiciary that the Industries and Mines Ministry did not use $730 million on appointment, Mehr News Agency reported.

The Iranian parliamentary industries and mines commission indicated in its report that the Industries and Mines Ministry avoided spending the profit of Hormozgan Steel plant sales in development projects.

The parliamentary industries and mines commission and the Special Commission on monitoring article 44 of constitution (article about privatization) reported that the ministry avoided spending $730 billion obtained from sale of Hormozgan Steel plant in Iran's Mines and Mining Industries Development and Renovation Organization.

According to the report, the funds were to be used in development plans in steel industry. The current solar year (started on March 20, 2011) budget plan specified that the profit from the sale of Hormozgan steel plant was to be allocated to Iran's Mines and Mining Industries Development and Renovation Organization.

Thus, 157 MPs supported sending the report to judiciary, 7 MPs were against and 21 abstinent.

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