Sunday, February 19, 2012

Court in Iran starts trial in bank fraud, defendants accused of using of forged documents to get credit to purchase assets

TEHRAN (AP) — A Tehran court began hearing the trial of 32 defendants on Saturday in a $2.6 billion bank fraud case described as the biggest financial swindle in the country’s history, state television reported.

The capital’s chief prosecutor, Abbas Jafari Dowlatabadi, read the text of the indictment against the suspects, who wore prison uniforms at the opening session at the Revolutionary Court, which deals with cases involving security and organized crime.

The charges involve the use of forged documents to get credit at one of Iran’s top financial institutions to purchase assets, including state-owned companies.

No comments: