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By Pete Papaherakles The outcome of the biggest banking fraud case in Iran’s history was made official on February 18. According to Associated Press, four bankers have been sentenced to death in Iran for their role in a $2.6 billion scandal, while two more bankers were given life sentences, and 33 more accomplices will spend up to 25 years in jail, the chief prosecutor was quoted as saying. This is the biggest banking fraud in Iran’s history, and the stiff decision reveals that the bankers in Iran don’t run the country. Iran’s Supreme Court upheld the sentence passed at the trial last summer. Attorney General Gholam-Hossein Mohseni-Ejei told reporters that the four bankers were guilty of corruption and “disrupting the country’s economic system.” The scandal involved the use of forged documents in order to receive credit from banks, which enabled them to purchase state-owned companies.

United statesGoldman sachsand jpmorganKhodamorad ahmadiSaeed kiani rezazadehBehdad behzadiAriapresident mahafarid amir khosraviPete papaheraklesGeneralgholam hossein mohseni ejeiIran supreme courtSaderat bankFederal reserveBank melliBankers get death penalty afterAssociated pressSupreme courtAria investment developmentcompany