Iran Holds Main Suspect for $2.6 Bln Scam, Fars Says
Bloomberg-- Iranian police detained the main suspect behind a $2.6 billion bank fraud, one of the biggest in the country’s history, the state-run Farsnews agency reported, citing Iran’s economy and finance minister Shamseddin Hosseini.
Seven state-owned and private banks were linked to the case that entailed the forging of documents to secure credit, which was then used to purchase state-owned companies, the news agency said, in a report published today without giving further details.
Prosecutor-General Gholamhossein Mohseni-Ejei said yesterday that 19 people, including the main suspect, had been arrested, according to the report.