Seventh bank scam trial wraps up in Iran

Four bills of indictment were read out at the session held on Sunday. Three of the four defendants or their lawyers also presented their last defense.

“The court deals only with evidence and women and men are equal in the eyes of the law,” Tehran Prosecutor Abbas Jafari Dolatabadi said.

“The criteria for a fair hearing …. include having an attorney, rule of law and the court be in public …,” he said.

The representative of Tehran prosecutor, Mehdi Farahani, charged the defendants with various crimes, including Disrupting the Economic System.

“Charging the defendants with the serious crime does not mean that the punishments are harsh. Disrupting the Economic System is a charge that is punishable by a couple of years of prison all the way up to death,” Farahani said.

More than 100 people were arrested in the biggest fraud case in Iran’s history.

Officials stated that around three billion dollars were fraudulently taken out of the banking system using bank documents including letters of credit that were not backed by any goods or collateral.

AGB/HGH

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