IRAN: FOUR IRANIAN BANKERS SENTENCED TO DEATH FOR FRAUD

ED Noor: Once again, Iran proves itself to be a nation for its people. This action against their criminally inclined bankers is SURE to result in even more rabid screams for its annihilation. Just IMAGINE this happening in America! Not much chance alas….

By Rob Kall

OpEdNews

March 13, 2013

Last month, Iran did something that Obama and his neutered puppy Attorney General Eric Holder should be doing. 

"Four people were sentenced to death on charges of corruption on earth and disrupting the country's economic system," Iran's Judiciary spokesman Gholam-Hossein Mohseni-Ejei told reporters on Monday. 

"The four are Mahafarid Amir-Khosravi"[the prime suspect], Behdad Behzadi, his legal advisor, Iraj Shoja, his financial solicitor and Saeed Kiani Rezazadeh, head of the Ahvaz branch of Saderat Bank," he said.

“The president of Bank Melli branch in Kish was slapped with life imprisonment and former deputy minister Khodamorad Ahmadi was sentenced to 10 years in prison,” Mohseni-Ejei, who is also Iran's attorney general, added.

Mohseni-Ejei also stated that almost none of the companies involved in this case were ordered closed by the court.

The defendants stood trial for misappropriating a total of USD2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies.  

 

According to the indictment, the owners of Aria Investment Development Company, which is at the center of the controversy, had bribed bank managers to get loans and letters of credit. The company has more than 35 offshoots which are active in diverse business activities.

Iran's PressTV reports,

"Iran Judiciary has handed down death sentence to four people convicted of involvement in the biggest embezzlement case in the country's banking history.

Imagine the effect of actual executions, life sentences, floggings and serious cash penalties upon the hordes of criminals in the banking and finance industry in the USA. 

Instead of wasting time pursuing patriotic whistleblowers, Eric "worthless" Holder should be pursuing real criminals in banks. Too bad Obama instructs him otherwise. 

Perhaps some politicians will have the balls to propose legislation that specifies the death penalty for bankers who engage in frauds affecting more than ten people, or two, or 100, but some limit on the number of people's lives hurt or ruined. There's no way such a bill will pass ~ there are far too many corporatists ~ a huge majority ~ in congress. But perhaps such a bill would shame some of them and show the public how worthless they are.