Banksters
Beware – Iran To Execute Four Bankers For Fraud
Saturday,
February 23, 2013 8:47
WHY ARE WE NOT DOING THIS AND SENDING A MESSAGE....
Iran's judiciary system recently worked through the biggest banking fraud case in the nation's history.
According to The New
York Times, the outcome of the case was made official on Monday. Results
were dramatic to say the least.
Judiciary spokesman
Gholam-Hossein Mohseni-Ejei told reporters that four people had been officially
sentenced to death on charges of corruption and “disrupting the country's
economic system.”
The guilty party was responsible
for mishandling $2.6 billion of funds – using forged documents in order to
receive credit from banks, permitting them to purchase state-owned companies.
From PressTV:
According to the indictment, the owners of Aria
Investment Development Company, which is at the center of the controversy, had
bribed bank managers to get loans and
letters of credit. The company has more than 35 offshoots which are active in
diverse business activities.
...
“The four are Mahafarid Amir-Khosravi…[the prime
suspect], Behdad Behzadi, his legal advisor,
Iraj Shoja, his financial solicitor and Saeed Kiani Rezazadeh, head of the
Ahvaz branch of Saderat Bank,” he [Gholam-Hossein Mohseni-Ejei] said.
Additionally, the president
of the Bank Melli branch in Kish was condemned to life in prison. The former deputy
minister Khodamorad Ahmadi has been ordered to spend a decade in prison as
well, according to Iran's attorney general, Mohseni-Ejei.
Several others involved in
this infamous scandal have also been slapped with heavy fines and many have
also been prohibited from holding public office.
Economist Nouriel Roubini
added his two cents on the subject, reporting to Bloomberg:
“Bankers are greedy;
they’ve been greedy for the last hundreds of years...t’s not a question if they
are more immoral today then they were a thousand years ago, you have to make
sure they behave in ways in which you minimize those risks.”
This message surely hits a
little too close to home
for central bankers across the globe who have been engaged with fraud and
corruption in the past or present.
Constituents and political
leaders spend a big chunk of time debating over how to deal with our crumbling
economy. Ending system abuse from insiders and the Fed alike would undoubtedly
have a positive ripple effect, but how is that goal going to be achieved? Thus
far, not a single chief central banker has been arrested in light of the
financial crisis.
This is completely asinine.
They keep making more money,
while we struggle to thrive in the middle class. The brutal truth is that banks
prosper when people are on welfare. They're invested in keeping you down and
could care less about your American Dream.
1 comment:
I've seen places in Africa where people have had their arms brutally cut off. The same fate should be meted on the bankers. How humiliating would it be for a banker to not be able to wipe his own behind whenever he went to the bathroom?
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