Iran has identified and arrested one of the high-profile figures actively engaged in illegal foreign currency transactions in the Persian Gulf region, reports say.
The suspect, who had strong links with the so-called "deviant current," had infiltrated the country's Central Bank under the pretense of exchanging state-provided currency in the Persian Gulf region, Press TV quoted the Fars News Agency as reporting.
"Deviant current" refers to a group of individuals within the Iranian government who have deviated from the true path of the Islamic Revolution and try to abuse state power and public wealth to their own advantage.
However, it was later revealed that the person -- identified as "H.M.K" -- intended to secure huge financial resources for the members of the deviant current to run for the next Majlis (parliament) elections, which will be held in 2012.
He had allegedly bribed some of the officials in charge of regulating Iran's currency market in a bid to obtain massive sums of money, which resulted in serious fluctuations in the country's financial market.
"H.M.K" was expelled from the CBI after his real intentions were revealed.