Iran hangs key figure in banking scandal

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A key participant in Iran’s biggest-ever banking scandal was executed right here Saturday, in response to state media experiences.

The workplace of Tehran’s public prosecutor introduced that Mahafarid Amir-Khosravi, one among 4 co-conspirators given the demise sentence in 2012 for his or her roles in embezzling the equal of $2.6 billion, was hanged in Tehran’s Evin jail.

Among these accused in the case — in which a bunch of highly effective businessmen conspired with financial institution managers to rob public coffers — had been executives at seven of Iran’s largest banks. The managing director of the biggest one, Melli Bank, continues to be at giant, having fled the nation quickly after the small print of the case had been introduced in September 2011.

Amir-Khosravi was convicted of forging letters of credit score, proceeds from which had been later used to arrange a personal financial institution.

Plans for his execution had not been made public, and his demise caught many without warning.

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