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| Iran arrests 16 forex market manipulators |
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.jpg) TEHRAN – Iran arrested 16 main suspects on charges of manipulating the foreign exchange market on Wednesday, Iranian media outlets reported.
The arrested individuals had been exacerbating the situation of the foreign exchange market through carrying out illegal activities and exploiting the atmosphere created by the enemy’s psychological warfare measures with the help of a number of domestic and foreign groups, which had been spreading “rumors”.
According to the reports, a number of other people are being prosecuted in the case.
In addition, an informed source told the Persian service of the Fars News Agency on Friday that the turnover of the suspects’ businesses was about 160 trillion rials (about 13 billion dollars at the official exchange rate).
The source also said that the suspects had hired a number of traders to carry out fake foreign exchange transactions on their behalf.
EP/AM/PA/HG
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