Four sentenced to death over $2.6bn Iran bank fraud

Four sentenced to death over $2.6bn Iran bank fraud
# 31 July 2012 08:51 (UTC +04:00)
Baku - APA-Economics. Four people have been sentenced to death for their roles in Iran’s biggest-ever bank fraud scandal, BBC reported.

Two other defendants received life sentences, while 33 more will spend up to 25 years in jail, the chief prosecutor was quoted as saying.

The scandal involved forged documents reportedly used by an investment company to secure loans worth $2.6bn.

President Mahmoud Ahmadinejad last year denied allegations that his government was involved.

The identities of the defendants have not been made public.
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