Iran Sentences Four To Death For Bank Fraud

Imagine of Iranian jurisprudence reigned in Europe and the United States.

A court in Iran has sentenced four people to death in connection with a case of bank fraud that netted $2.6-billion.

A total of 39 suspects underwent a trial that lasted nearly six months before the verdict was announced.

The Daily Telegraph of Britain reported that the corruption case involved a group of private citizens who received trillions of rials in loans from about six Iranian banks through the illegal use of phony or forged letters of credit. They allegedly used the funds to acquire state-owned companies that were going private.

Chief prosecutor Gholam Hossein Mohseni Ejeie told Iranian media that two other suspects were sentenced to life imprisonment, with all remaining defendants receiving prison terms of up to 25 years.

However, the identities of the defendants – who have 20 days to file an appeal – were not revealed.