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Director of Iran's Saman Bank quits his post

Iran Materials 28 September 2011 11:17
Managing Director of Saman Eqhtesad Bank Valiullah Zarabiyeh has quitted his post.
Director of Iran's Saman Bank quits his post

Azerbaijan, Baku, Sept. 28 /Trend T.Konyayeva/

Managing Director of Saman Eqhtesad Bank Valiullah Zarabiyeh has quitted his post, Mehr News Agency reported.

Zarabiyeh became the third Iranian bank's chief who retired over the last two days.

Earlier, the Managing Directors of Bank Saderat and Bank Melli, Mohammad Jahromi and Mahmoudrza Khavari, have retired. Their resignations are allegedly related to the last financial scandal in Iran.

Khavari has sent on Tuesday a resignation letter to Minister of Economy and Finance Shamseddin Hosseini to beg pardon from Supreme Leader Ayatollah Ali Khamenei and Iranian people for Bank Melli's involvement in the last corruption scandal.

Hosseini accepted his resignation and also dismissed a member of the Bank's Managing Board Farzad Ahmadi.

Last week, 19 suspects have been arrested over Bank Saderat's $2.8 bln corruption case, which is the biggest fraud in the 32-year history of the Islamic Republic.

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

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