Iran arrests 67 people for suspected financial crimes

By REUTERS
August 12, 2018 17:48
1 minute read.
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

DUBAI - Iranian authorities have arrested 67 people in a drive against financial crime, the judiciary said on Sunday, as the country faces renewed US sanctions and a public outcry against profiteering and corruption.

Special Islamic revolutionary courts were being set up to try suspects quickly after Supreme Leader Ayatollah Ali Khamenei called on Saturday for "swift and just" legal action to confront an "economic war" by foreign enemies, state television quoted a judiciary spokesman as saying.

The rial currency has lost about half of its value since April over worries about the sanctions, with heavy demand for dollars among ordinary Iranians trying to protect their savings.

The cost of living has also soared, sparking sporadic demonstrations against profiteering and corruption, with many protesters chanting anti-government slogans.

"Sixty seven suspects have been arrested, some of whom were released on bail, and more than 100 people including government employees and officials, as well as private employees and others have been given travel bans," judiciary spokesman Gholamhossein Mohseni Ejei said in remarks carried by state television.

The central bank and the judiciary have blamed "enemies" for the fall of the currency and a rapid rise in the price of gold coins.

Those arrested included a former central bank deputy, and some faced charges carrying the death penalty, the judiciary said.

The judiciary has suggested that arch-foes the United States and Israel, as well as regional rival Saudi Arabia and government opponents living in exile, are fomenting the unrest and waging an economic war to destabilize Iran.

In May the United States pulled out of a 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear program.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
October 21, 2018
Russia: U.S. withdrawal from nuclear treaty is a dangerous step

By REUTERS