25 Apr 2024
Sunday 2 September 2012 - 14:30
Story Code : 5102

New phase of Iran's biggest embezzlement case: Issuing defendants' sentence

New phase of Iran
The judge investigating the biggest embezzlement case in Iranian banking history has said that the defendants' sentence will be issued today.

Judge Nasser Serajtold IRNA on September 2 that all defendants are called today and their sentences will be served, saying they have 20 days to protest against the vote issued in the Courts of Appeals.

The defendants were charged with misappropriating a total of USD 2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies.

Iran's Judiciary Spokesman Gholam-Hossein Mohseni-Ejei announced on July 30, 2012 that of the 39 accused, four have been sentenced to death.

Of 39 defendants, the courts judge has sentenced four to death and two others to life imprisonment. The remaining defendants received prison terms of 25 years, 20 years, 10 years, and less, Gholam-Hossein Mohseni-Ejei was quoted as saying.

He added that in addition to their prison, they have been sentenced to paying fines, flogging and permanent dismissal from government service.
https://theiranproject.com/vdcb.gbsurhb85e4pr.html
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