BREAKING NEWS

Trial starts in Iran's biggest banking scandal

By REUTERS

FEBRUARY 18, 2012 16:25

TEHRAN - Thirty-two people suspected of involvement in a multi-billion dollar banking fraud with alleged links to the government of Iranian president, Mahmoud Ahmadinejad, have gone on trial in Tehran, the Iranian state news agency reported.

The record embezzlement case revolves around the alleged use of forged documents by Iranian businessman Amir Mansour Khosravi to secure loans to buy state-owned companies under the government's privatization scheme.

The businessman is accused of securing around 2.6 billion dollars from a number of Iranian banks.

President Ahmadinejad has rejected accusations from his hardline rivals that Khosravi had links to the head of his presidential office, Esfandiar Rahim Mashaie.

Hamas official: 'Israel plans to occupy 20% of the Gaza Strip'

By JERUSALEM POST STAFF

04/25/2024 03:28 PM

Iraq hangs 11 convicted of terrorism in latest mass executions

By REUTERS

04/25/2024 03:21 PM

Palestinian authorities seek probe into mass graves at Gaza hospitals

By REUTERS

04/25/2024 03:17 PM

Spain prosecutor requests corruption case dismissal on PM Sanchez's wife

By REUTERS

04/25/2024 03:14 PM