Sunday, October 9

Iran nabs 19 suspects in $2.6 billion bank fraud

TEHRAN, Iran — Iran's state prosecutor says authorities have arrested 19 suspects in a $2.6 billion bank fraud described as the biggest financial corruption scam in Iran's history.

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Several newspapers, including the pro-reform Shargh daily, quote Gholam Hossein Mohseni Ejehei as saying more people will be arrested.

Parliament summoned the finance minister and the central bank governor to discuss the case on Monday.

Officials say the fraud involved the use of forged documents to get credit at one of Iran's top financial institutions to purchase assets including major state-owned companies.

The first details in the case became public early this month.

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