Sunday, March 3, 2013

How Iran Deals With Bank Fraud

- See more at: http://www.presstv.com/detail/2013/02/18/289652/iran-sentences-4-to-death-in-scam-case/#sthash.vyxaT0JI.dpuf
 

If you're going to be a country barbaric enough to still have the death penalty in you justice system, might as well use it against those whose crimes hurt the most people, and Iran - of all places - has decided to use it on four of the people charged with disrupting the country's economic system through fraud. The others' sentences read from jail time (some up to 10 years) to fines.
Other defendants were handed down sentences varying from flogging to paying cash fines and being barred from public office, he said.

Mohseni-Ejei also stated that almost none of the companies involved in this case were ordered closed by the court.

The defendants stood trial for misappropriating a total of USD2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies. - See more at: http://www.presstv.com/detail/2013/02/18/289652/iran-sentences-4-to-death-in-scam-case/#sthash.vyxaT0JI.dpuf
Other defendants were handed down sentences varying from flogging to paying cash fines and being barred from public office.

The defendants stood trial for misappropriating a total of USD2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies.
In the U.S., fraudulant bankers are not even prosecuted, and some are almost revered; in Iceland, they are jailed; in Iran, they are treated the same way as anyone else who would attempt to disrupt, corrupt, or destroy the system - as it should be.

I do not condone the death penalty; I am totally against it. The State should not have rights individuals don't have in the treatment of its citizens.

However, fraudulant bankers responsible for robbing the system of billions of dollars should and must be treated the same way as traitors and terrorists because, in a way, that's exactly what they are. Same goes for corrupt politicians.

Iran's system goes against logic on many issues, but this is one case where we could definitely learn from them.
Other defendants were handed down sentences varying from flogging to paying cash fines and being barred from public office, he said.

Mohseni-Ejei also stated that almost none of the companies involved in this case were ordered closed by the court.

The defendants stood trial for misappropriating a total of USD2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies. - See more at: http://www.presstv.com/detail/2013/02/18/289652/iran-sentences-4-to-death-in-scam-case/#sthash.vyxaT0JI.dpuf
Other defendants were handed down sentences varying from flogging to paying cash fines and being barred from public office, he said.

Mohseni-Ejei also stated that almost none of the companies involved in this case were ordered closed by the court.

The defendants stood trial for misappropriating a total of USD2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies. - See more at: http://www.presstv.com/detail/2013/02/18/289652/iran-sentences-4-to-death-in-scam-case/#sthash.vyxaT0JI.dpuf
Other defendants were handed down sentences varying from flogging to paying cash fines and being barred from public office, he said.

Mohseni-Ejei also stated that almost none of the companies involved in this case were ordered closed by the court.

The defendants stood trial for misappropriating a total of USD2.6 billion of funds by using forged documents to obtain credit from banks to purchase state-owned companies. - See more at: http://www.presstv.com/detail/2013/02/18/289652/iran-sentences-4-to-death-in-scam-case/#sthash.vyxaT0JI.dpuf

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