Home General News Iran Executes Two Men For Financial Crimes

Iran Executes Two Men For Financial Crimes

 

Iran executed two men indicted of economic crimes on Wednesday, part of an effort to curb financial misconduct as the country faces an economic crisis and new United States sanctions targeting its oil sector.

According to Mizan, The news site of Iranian Judiciary, one of the executed men, vahid Mazloumin, nicknamed the “sultan of coins”, was a trader accused of manipulating the currency market.

According to the Iranian Students’ News Agency (ISNA), Mazloumin was purportedly caught with two tons of gold coins.

The second man had also been involved in the sale of gold coins and was part of Mazloumin’s network.

Both of them were found guilty of “spreading corruption on earth”, a capital offence under Iran’s Islamic laws.

Special courts to focus on financial crimes were set up in August by the approval of Supreme Leader Ayatollah Ali Khamenei, the highest authority in the Islamic Republic.

Men Sentenced to Death Over Financial Crime in Iran
Men Sentenced to Death Over Financial Crime in Iran

 

The courts have judged at least seven death sentences since they were set up and some of the trials have been broadcast on live televesion.

The rial currency of Iran has lost about 70% of its value in 2018 under the threat of revived U.S. sanctions, with gross demand for dollars and gold coins on the unofficial market from ordinary Iranians trying to protect their savings.

Israel-Gaza border ignites after fails raid
The cost of living has also skyrocketed, provoking sporadic demonstrations against corruption and profiteering, with many protesters chanting anti-government slogans.

In August, the United States of America reinstated a first round of sanctions after pulling out of a 2015 deal between world powers and Iran under which international sanctions were lifted in return for halts on its nuclear program.

Anna Thomson
Anna Thomsonhttps://360aproko.com/
Hello World! I'm a content writer, blogger, graphic designer and I love beautiful things. "Life is a journey, sometimes you smell the roses"

Must Read

6 Things To Remember When It Feels Like Everyone Else Is Getting Married

I know a thing or two about “single anxiety.” There’s a massive amount of pressure resting on your bony prepubescent shoulders to get hitched and...

8 Ways To Enjoy Your New Relationship Instead Of Worrying That You’ll Ruin It

A new relationship can be as exhilarating as it is terrifying. You finally found that guy you click with, someone you really enjoy spending...

WORKING ON YOUR FEELINGS

Acts 24:24-25 One great mistake some people make is to trust their feelings. I am sure you have heard people making statements like; "I trust...

Aisha Buhari warns Police IG against intimidating Timi Dakolo and his wife

First lady, Aisha Buhari has warned the Inspector General of Police against intimidating Busola Dakolo and her husband, Timi over the rape allegation against...

Terror Scare: British Airways cancels all flights to Cairo for a week as a security “precaution”

British Airways has cancelled all flights to the Egyptian capital Cairo for a week as a security "precaution".     Passengers who were about to board...