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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow Iran deals with their fraudulent bankers. Hanging.
A billionaire businessman at the heart of a $2.6 billion state bank scam in Iran, the largest fraud case since the country's 1979 Islamic Revolution, was executed Saturday, state television reported.
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Khosravi's business empire included more than 35 companies from mineral water production to a football club and meat imports from Brazil. According to Iranian media reports, the bank fraud began in 2007.
A total of 39 defendants were convicted in the case. Four received death sentences, two got life sentences and the rest received sentences of up to 25 years in prison.
The trials raised questions about corruption at senior levels in Iran's tightly controlled economy during the administration of former President Mahmoud Ahmadinejad.
Mahmoud Reza Khavari, a former head of Bank Melli, another major Iranian bank, escaped to Canada in 2011 after he resigned over the case. He faces charges over the case in Iran and remains on the Islamic Republic's wanted list. Khavari previously admitted that his bank partially was involved in the fraud, but has maintained his innocence.
http://www.usatoday.com/story/money/business/2014/05/24/iran-billionaire-executed-over-26b-bank-fraud/9535639/
Shandris
(3,447 posts)...the life-earnings of others, or steal monies from tens of thousands of people (when money, a stand-in for time, is the only thing we truly have to ourselves), I am often reminded of something the great George Carlin once said.
"When's the last time we boiled someone in oil? IT'S BEEN TOO LONG!"
(I'd hope that the -spirit- of the point, and not the actual act itself, is what someone takes from this post!! )
NutmegYankee
(16,199 posts)That was a great show.
This part is spot on:
Scootaloo
(25,699 posts)Killing a person is killing a person.
spanone
(135,844 posts)kwassa
(23,340 posts)I'm not in favor of hanging, either.
Scootaloo
(25,699 posts)If you want to punish a banker, then what you do is strip their assets and garnish 75% of every dollar they earn over $350. Make them live like the people they screwed.
But then I'm of a mind that justice should be a little more varied than "pittance, prison, or termination"
NutmegYankee
(16,199 posts)In your constant effort to create a radical and backward society, you go an ruin it all by doing something as awesome as punishing a corrupt scumbag banker. Don't you know your supposed to give these guys cushy government jobs so they can make national economic policy! Guess you need more sanctions...
msongs
(67,420 posts)Dirty Socialist
(3,252 posts)I would put him in jail for a long time. Not white people's jail, JAIL jail.
Skittles
(153,169 posts)can they just be jailed like the criminals they are?