Four to die in Iran over US$2b fraud case

Last updated 09:34 19/02/2013

Relevant offers

Asia

Spiritual singer on death row with Bali nine duo Prince William meets Japanese royalty Moderate quake jolts northwest Pakistan Japan teen held for 'IS-inspired' murder Hong Kong woman jailed for maid abuse Gunman kills three in Seoul What can NZ learn from Japan about earthquakes? More than 160 killed in Afghanistan avalanches Philippine army kills 14 Islamic militants Execution looms for Bali duo

Iran's state prosecutor says the country's Supreme Court has upheld death sentences against four people linked to a US$2.6 billion (NZ$3.06b) bank fraud described as the biggest financial swindle in Iran's history.

Gholam Hossein Mohseni Ejehei says the four were convicted of being "corrupt on earth" for "disrupting" the country's economy. He says the court has ordered the verdict to be carried out but no date has been set.

Ejehei is quoted by the official IRNA news agency as saying that two banking officials have been sentenced to life in prison while 19 others, almost all of them senior government officials, were given prison terms ranging from two to 20 years.

Their trial last year raised questions about corruption at senior levels in Iran's tightly controlled economy.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content