Iran discloses $3.5B bank fraud case
Baku, Azerbaijan, Dec. 7
By Fatih Karimov - Trend:
A 120 trillion rial (about $3.5 billion) bank fraud case has been disclosed in Iran.
Iranian Economy Minister Ali Tayyebnia said the fraud case took place between 2006 and 2012. However, all the money has been returned to the banking system, Iran's Mehr news agency reported on Dec. 7.
Meanwhile, Central Bank of Iran Governor Valiollah Seif said that the fraud case was found last year and was reported to judiciary officials. But, the issue was kept secret due to interests of the bank.
All the people involved in the fraud case have been identified and are being persecuted and one of them have been arrested, Seif added.