Embezzlement in Sepah, Saderat and Mellat Banks
March 6, 2002 - 0:0
TEHRAN - A Majlis deputy said on Tuesday that 5 trillion rials was embezzled from Sepah Bank and that the main defendant in the case was found guilty of embezzling 2 trillion rials of that amount and sentenced to seven years in prison. Investigations are continuing to determine what happened to the remaining 3 trillion rials.
The MP added that it has been reported that the Dubai branch of Bank Melli also paid a considerable amount of money to a company affiliated to the Astan-e Qods Razavi Foundation, but the Melli Bank has denied it.
He also said that in the Jami branch of Saderat Bank, an embezzler transferred a considerable amount of money using traveler's checks and then left the country after resigning.
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