Deputy minister, top managers to be prosecuted over Iran's banking scandal
Azerbaijan, Baku, April 22/Trend M. Moezzi
The prosecutor in a multi-billion dollar fraud scandal said that the Iranian government has the cases against former deputy economics and finance minister and up to five high level managers at the Ministry of Transportation and Housing, the Iranian Students' News Agency (ISNA) reports.
The comments made by prosecutor Mehdi Farahani appeared on the seventh day of the $3 billion banking embezzlement case which has 32 defendants.
The fraud case involves the Amir Mansour Arya Group, accused of using its influence and governmental officials' cooperation to obtain forged letters of credit and huge bank loans that far exceeded its own value.
Mah Afarid Amir Khosravi is the lead defendant in the case but denies the charges against him. Mr. Khosravi controlled the Arya Group.