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

Last updated 09:34 19/02/2013

Relevant offers

Asia

Philippines foils anti-Chinese bomb plot in Manila Americans detained in North Korea seek help Aussie surrogate father allegedly abused twins Violent protests close in on Pakistan PM's home China rules out full Hong Kong democracy China slams door shut on full Hong Kong democracy in 2017 vote China's media crackdown worsens Family, sect members mourn Sewol ferry owner Schapelle Corby's boyfriend arrested North Korean official defects in Russia

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