Latest News:  
Beijing   Heavy rain/Thundershower    27 / 23 ℃  City Forecast


4 Iranians sentenced to death for 2.6-bln-dollar bank embezzlement case


09:35, July 31, 2012

TEHRAN, July 30 (Xinhua) -- Iran's Prosecutor General, Gholam- Hossein Mohseni-Ejei, said Monday that an Iranian court has issued capital punishment for four suspects convicted of 2.6 billion U.S. dollars bank embezzlement in the country, the semi-official Fars news agency reported.

Speaking to reporters, Mohseni-Ejei, who is also Iran's Judiciary spokesman, said that the court has finished probe into the case and the judge has issued verdicts for 39 suspects, according to the report.

Four of the 39 suspects have been sentenced to death, two people have been sentenced to life imprisonment and the remaining inmates have received 10, 20 and 25 years prison terms, the Iranian judiciary official was quoted as saying without referring to the names of the convicts.

The official further noted that in addition to the decrees, the court has ordered the convicts to return the assets, said the report.

Iran arrested tens of suspects over the bank corruption which was described as Iran's biggest case of embezzlement ever.

According to the report, the embezzlement case started in 2007 by Amir Mansour Arya Investment Group of companies and progressed in 2010 after some Iranian major banks, including Bank Saderat and Bank Melli, issued loans for the company.

Iranian officials said the case involved the use of fraudulent documents to obtain credit for this investment company. The company used them to purchase assets such as state-owned companies.


Leave your comment0 comments

  1. Name


Selections for you

  1. APF servicemen conduct anti-riot and emergency handling training

  2. 47 killed in train fire in southern India

  3. Luxury brands cash in on China market

  4. Carved wooden beds exhibited in China's Hunan

  5. 'Huabei' the helpful dog

  6. Popular British Rock Bands

Most Popular


  1. How to improve China's tourism industry
  2. S. China Sea issue, where is Philippines’ restraint?
  3. On right track for growth model change
  4. Added value key to countering protectionism
  5. What to expect at London Olympics: Star athletes
  6. What to expect at London Olympics: Beauties
  7. US seeks to create new waves in S.China Sea
  8. Labor test for policymakers
  9. What to expect at London Olympics: Opponents
  10. What to expect at London Olympics: Strong teams

What's happening in China

Fly found in Wang Zai milk

  1. Capital issues fresh warning of rain
  2. Missing men spark online search
  3. Largest inland saltwater lake keeps expanding
  4. Chinese man jailed over bomb hoax
  5. Overseas study tours gain popularity in China

China Features

  1. Special coverage: Bloodshed in U.S. theatre
  2. S. China Sea issue, where is Philippines’ restraint?
  3. US Osprey aircraft arrive in Japan amid protests
  4. PLA helicopter unit open door to foreign media
  5. Special: Apple, how can you forgive yourself

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai