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Iran MP urges calm in bank scam probe

Service : Economy
TEHRAN, Oct 1 (ICANA) – Head of Majlis Economic Committee Arsalan Fathipour warned against the effect of hasty decisions on the juridical procedure, amid calls in Iran's Majlis (parliament) for the impeachment of the Economy Minister over the recent banking scam.
Sunday, October 02, 2011 2:25:52 PM
Iran MP urges calm in bank scam probe

“The case is currently being investigated by the Majlis Article 90 Commission as well as the juridical and economic committees,” IRNA quoted Fathipour as saying.

Fathipour said the economic committee will present its initial report about the banking scam to the Article 90 commission, which is tasked with monitoring the extent of the conformity of the executive and judicial branches of the government with the law.

The USD 2.8 billion embezzlement scandal involving seven government-owned and private banks, which had used fraudulent Saderat Bank documents to secure multi-billion dollar credit and purchase state-owned companies, was recently uncovered.

The scandal prompted a number of Iranian lawmakers to call for the impeachment of Shamseddin Hosseini.

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