#1 Reason Why West Hates Iran

The primary reason why Western Oligarchy wants to wipe Iran out of the global map is its full resolve in eliminating toxicity in financial matters.

Just a few hours ago Iranian authorities executed one banker for fraud amounting at least $2.6 billion.

Previously, they had done the same to four bankers.

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Iran Billionaire Executed Over $2.6B Bank Fraud

May 25 2014, 1:16 pm ET

TEHRAN, Iran — A billionaire businessman at the heart of a $2.6 billion state bank scam in Iran, the largest fraud case since the country’s 1979 Islamic Revolution, was executed Saturday, state television reported.

Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran, the TV reported. The report said the execution came after Iran’s Supreme Court upheld his death sentence.

Khosravi’s lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that the death sentence was carried out without him being given any notice. Death sentences in Iran are usually carried out by hanging.

“I had not been informed about the execution of my client,” Riahi said. “All the assets of my client are at the disposal of the prosecutor’s office.”

State officials did not immediately comment on Riahi’s claim.

The fraud involved using forged documents to get credit at one of Iran’s top financial institutions, Bank Saderat, to purchase assets including state-owned companies like major steel producer Khuzestan Steel Co.

Khosravi’s business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.

A total of 39 defendants were convicted in the case. Four received death sentences, two got life sentences and the rest received sentences of up to 25 years in prison.

The trials raised questions about corruption at senior levels in Iran’s tightly controlled economy during the administration of former President Mahmoud Ahmadinejad.

— The Associated Press

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