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2 unusual facts about 2011 Iranian embezzlement scandal


2011 Iranian embezzlement scandal

3,000 billion Toman embezzlement in Iran (also 2,800 billion embezzlement, approximately $2.6 billion USD) was a fraud involving the use of forged documents to obtain credit from at least seven Iranian state and private banks to purchase state-owned companies.

Ahmad Tavakkoli member of parliament said on Sunday (18 September 2011) that the embezzlement of 28 trillion rials (3,000 billion Toman) is an intolerable scandal, adding that if administration officials are not able to handle the affairs, they should step down.



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