A former governor of the Central Bank of Iran (CBI) and one of his deputies along with other government officials have been given long prison sentences over a case related to turbulences in the country�s foreign currency market beginning 2016.

Valiollah Seif had been sentenced to 10 years in prison over his role in�mismanagement of Iran�s foreign currency market, said judiciary spokesman Zabiollah Khodaeian in a weekly press briefing on Saturday.

Seif was CBI governor for five years until 2018. A judge in the case ruled that he and his deputy Ahmad Araghchi had been responsible for disrupting calm and order of Iran�s foreign currency market and the country's economic atmosphere.

Under Seif�s watch, Araghchi had authorized the use of $160 million and 20 million euros of CBI foreign currency funds by notorious businessman Salar Aghakhani for a trading in the unofficial currency market in 2016 that had been meant to control fluctuating prices.

Araghchi was handed an eight-year prison term while Aghakhani, who has fled Iran, was sentenced to 13 years in prison, according to reports by local media outlets.

 

Source: Press TV