Iran parliament raps Ahmadinejad over oil cash

Lawmakers accuse Iranian president of failing to deposit billions of petrodollars with the Treasury.

By REUTERS
March 5, 2012 17:34
1 minute read.
Iranian rial

Iranian rial 390. (photo credit: Reuters)

 
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 Don't show it again

TEHRAN - Iranian lawmakers accused Mahmoud Ahmadinejad's government on Monday of failing to deposit billions of petrodollars with the Treasury, indicating the president was set for a rough ride from a newly elected parliament dominated by rival hardliners.

One day after election results showed Ahmadinejad's faction lost many seats in parliament, the assembly's budget committee voted to refer the case of the missing oil receipts to the judiciary, the semi-official Mehr news agency reported.

Be the first to know - Join our Facebook page.


"Based on our estimates, the value of exported crude and condensates by the end of summer (March 21-Sept 22) amounted to $53.2 billion, from which $6.4 billion should have been deposited with country's Treasury funds," Mehr quoted a budget committee spokesman, Mehdi Fathias, as saying.

"However, the Central Bank has only deposited $2.4 billion with the treasury," Fathi said.

In a budget committee meeting attended by members of the outgoing parliament, 113 of the 195 present voted in favor of a report criticizing the president and referring the case to the judiciary, two voted against and 22 abstained, Mehr said.

Ali Motahari, one of Ahmadinejad's most vocal critics in parliament, said lawmakers might seek to impeach the president if he failed to satisfy their concerns about a variety of issues.

"If the president fails to give convincing answers to the lawmakers' questions... it is possible that they will launch impeachment proceedings against him," Motahari told Mardomsalari daily.



Friday's election further weakened Ahmadinejad's influence in an already hostile parliament and increased that of rival hardliners who consider he has moved too far from Supreme Leader Ayatollah Ali Khamenei.

Discord between the president and the leader surfaced in April after Khamenei reinstated Intelligence Minister Heidar Moslehi whom the president had sacked.

Since then, parliament increased its attacks on Ahmadinejad, threatening impeachment and blocking his choice of ministers.

Ahmadinejad still faces a summons, issued by parliament before the elections, to an unprecedented hearing to answer questions focusing on economic and foreign policy.

He faces questions about a $2.6 billion bank fraud and steadily growing inflation.

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB