Azerbaijan, Baku, Dec. 24 /Trend S.Isayev, T. Jafarov/
In the near future, Iran plans to establish a special court, that would deal specifically with embezzlements, money laudering cases, and other financial issues, Tehran Prosecutor General Abbas Jafari Dovlatabadi said, IRIB News reported.
Dovlatabadi noted that the creation of such court will help the economic system of the country, and also help local banks to stay secured regarding various financial crimes.
"Some people go to banks and take big loans, which they do not even pay back in 10 years," Dovlatabadi said. "Many banks, if similar thing happens, never issue any complaints."
He noted that regarding the economic crimes, the established court will be cooperating with relevant organizations and financial institutions.
Dovlatabadi said that thus far around 80 people have been arrested due to big financial frauds, and the established court will help to reveal more issues of the similar kind.
In July, Iran sentenced 4 people to death, accused of a $3- billion bank fraud.
The embezzlement case started in 2007 by Amir Mansour Arya Investment Company, headed by Khosravi, and progressed in 2010 after some Iranian major banks, including Bank Saderat and Bank Melli, issued the loans for the company.
Iranian officials say that the case involved the use of fraudulent documents to obtain credit for this investment company, one of the country's top financial institutions. The company used them to purchase assets such as state-owned companies.