Tasnim – Iranian Intelligence Minister Seyed Mahmoud Alavi said the country’s security forces have identified and busted a network of currency offenders in the southern province of Hormozgan.

In remarks on Tuesday night, Alavi said the intelligence forces of Hormozgan Province have smashed the network involved in illegal currency exchange activities.

He said the offenders have registered or rented a number of commercial companies during the years between 2016 and 2018 and after paying huge amounts of bribes, they registered the imports of basic commodities to receive more than $250 million at a rate of 42,000 rials from different banks.

The network has allocated a small portion of the foreign currency to the imported commodities and has acquired hundreds of billions of rials illegally, according to the minister.

Since late August 2018, the Iranian Judiciary has held public trials of individuals involved in major economic corruption cases.

The names of defendants were made public after Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei permitted the head of the Judiciary to take special measures in order to confront economic corruption and called for “swift and just” legal action against financial crimes.

Earlier, the Leader described “outright and unequivocal” treatment of economic corruption as one of the Judiciary’s major duties, stressing that confronting economic corrupts must be decisive and effective.

The Leader urged the Judiciary to fully inform people about its measures to tackle economic corruption, saying the judicial system should let people realize the authenticity of its anti-corruption measures and turn the threats into opportunities.