Man, Wife Sentenced to Death for Disrupting Car Market

reporter 1222 — Tue, 19 May 2020 11:48:51 +0000

TEHRAN (Iran News) – An Iranian financial criminal and his wife have been sentenced to death on a charge of major disruption to the country’s currency and car market as they had purchased more than 6,700 automobiles and hoarded 24,700 gold coins, the Judiciary’s spokesperson said.

Speaking at a press conference on Tuesday, Gholam Hossein Esmaeili said the case of Vahid Behzadi and his wife, Najva Lasheidaee, includes a mixture of crimes, such as disruption to the country’s currency market and car market.

The two have been sentenced on charges of major disruption to the country’s monetary and currency system, currency smuggling through dummy purchase orders, disrupting the system of distribution of commodities by purchasing more than 6,700 cars in advance from Iranian carmaker Saipa, and money-laundering involving a sum of 32 trillion rials, Esmaeili added.

The Judiciary spokesman noted that 24,700 gold coins and 100 kilograms of gold have been confiscated from the convicted woman’s dwelling.

He also noted that former CEO of Saipa car factory, Mahdi Jamali, has been sentenced to 7 years in prison for involvement in disruption to distribution mechanisms, while the former deputy head of the carmaker’s marketing department has been sentenced to 15 years.

Moreover, two parliamentarians, Mohammad Azizi and Fereidoon Ahmadi, have been sentenced to 61 months in prison each, he noted.

Since August 2018, Iran’s Judiciary has been holding public trials of individuals involved in major economic corruption cases.

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has permitted the Judiciary to take special measures in order to confront economic corruption and called for “swift and just” legal action against financial crimes.

Earlier, the Leader of the Islamic Revolution has described “outright and unequivocal” treatment of economic corruption as one of the Judiciary’s major duties, stressing that confronting economic corrupts must be decisive and effective.

The post Man, Wife Sentenced to Death for Disrupting Car Market appeared first on Iran News Daily.

Iran’s Top Judge Warns of Harsh Punishment for Market Disruption

reporter 1222 — Wed, 05 Sep 2018 09:15:23 +0000

Head of Iran’s Judiciary Ayatollah Sadeq Amoli Larijani cautioned those behind disruption to the country’s economy and capital market that they will face severe reaction from the Judiciary.

Speaking to reporters on the sidelines of an Assembly of Experts meeting in Tehran, Ayatollah Amoli Larijani said the individuals creating chaos in the currency, gold coin and automobile markets and taking advantage of special economic concessions will definitely face the Judiciary’s severe action.

Pointing to the accelerated process of trial of economic corrupts in courts of law, the Judiciary chief said prosecutors have called for the maximum punishment for economic disruption, adding that those harming the country’s economy should expect capital punishment or other severe penalties.

In comments in June, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei underlined the Judiciary’s duty to decisively confront economic corruption, saying, “Business activities and the people’s living and livelihood must be safe, and the Judiciary must confront those disrupting economic security.”

The Leader also described “outright and unequivocal” treatment of economic corruption as one of the Judiciary’s major duties, stressing that confronting economic corrupts must be decisive and effective.

The Iranian money, rial, plunged to a record low against the US dollar again this week.

There has been growing demand for dollars among ordinary Iranians, who fear more plunge in the value of their assets and growing price of goods, even those not imported from abroad.

The price of Iranian-made cars has also doubled in less than a month.

Iranian gold coin price has also rocketed up, hitting 48 million rials.

The price of “Spring of Freedom” gold coin, minted by the Central Bank of Iran, has almost tripled in the past months.

The post Iran’s Top Judge Warns of Harsh Punishment for Market Disruption appeared first on Iran News Daily.

market disruption Archives - Iran News Daily

Man, Wife Sentenced to Death for Disrupting Car Market

Iran’s Top Judge Warns of Harsh Punishment for Market Disruption

Head of Iran’s Judiciary Ayatollah Sadeq Amoli Larijani cautioned those behind disruption to the country’s economy and capital market that they will face severe reaction from the Judiciary.