Posted on 10/02/2011 5:44:38 AM PDT by nuconvert
Iran's Press TV is reporting that Mahmoud Reza Khavari, the head of Bank Melli, fled to Canada after resigning for his alleged role in the embezzlement scandal
Our columnist Muhammad Sahimi compiled the following news items and commentary:
The Ministry of Economic and Financial Affairs announced that several senior banking officials have been sacked in the wake of the embezzlement of close to $3 billion.
According to the statement by the ministry's public relations office, Mahmoud Reza Khavari (pictured), chief operating officer of Bank Melli -- Iran's largest bank -- and Farzad Ahmadi, a member of the bank's board of directors, have been fired. The Central Bank will fire the presidents of the privately owned Bank Saderat -- Mohammad Jahromi -- and Bank Saman -- Valli-ollah Zarabieh. A Saderat branch in Ahvaz in Khuzestan province was where the embezzlement scheme was hatched, and Saman apparently also played an important role in the operation.
Mehr, the news agency run by the Organization for Islamic Propaganda, reported that Khavari actually resigned. According to Mehr, in his resignation letter Khavari apologized to Ayatollah Ali Khamenei and the Iranian people, and his resignation was immediately accepted by Minister of Economic and Financial Affairs Seyyed Shamseddin Hosseini,. Mehr also reports that Jahromi has refused to resign and will, therefore, be sacked. He is considered one of the Ahmadinejad administration's chief economic architects.
(Excerpt) Read more at pbs.org ...
So, how long before this ship actually stops taking on water and sinks? Maybe a little “Arab Spring” is not far away.
It’s not going to happen fast enough on its own to prevent them from having nukes.
$3 billion.
That’s a nice number.
He’s probably the fall guy.
I think if he really stole three billion without permission from the leadership, think they would have set him on fire and not just fire him.
More of the same, they are all in it for nefarious reasons
Yea, I know. It was more of a rhetorical quip. Since they changed the names of everything including the roads, I never figured that anyone willing to keep the name Reza would be still processing oxygen to carbon dioxide.
Yea, I know. It was more of a rhetorical quip. Since they changed the names of everything including the roads, I never figured that anyone willing to keep the name Reza would be still processing oxygen to carbon dioxide.
Thanks nuconvert, have a great day, all!
Update:
Second man linked to Iranian bank scandal has moved to Montreal
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