Iran's Cenral Bank deputy head released on bail

Iran Materials 20 December 2011 13:19 (UTC +04:00)

Azerbaijan, Baku, Dec. 20 /Trend, T. Jafarov, S. Isayev/

The deputy head of the Central Bank of Iran Hamid Pourmohammadi has been released from prison on Monday, ISNA reported citing official sources.

Pourmohammadi was released on bail, however the court case still remains open for further investigations.

Earlier it was reported, that Iran arrested 35 suspects regarding a $2.8 billion fraud scandal, which is described as Iran's biggest case of embezzlement ever.

According to the documents, Iranian Bank Saderat, Bank Melli, Tat Bank, the Central Bank of Iran and the Economy Ministry were involved in the financial scandal.

Following the embezzlement, a number of Iran's top financial officials, including the heads of Bank Saderat, Melli and Tourism resigned.