Iranian Billionaire Businessman Executed Over $2.6 Billion Bank Fraud

Iranian Businessman Executed Over $2.6bn Bank Fraud (International Business Times, May 24, 2014):

An Iranian businessman accused of orchestrating the largest fraud in the country’s history by swindling $2.6bn (£1.5bn) from banks has been hanged, state television reported.

Mahafarid Amir Khosravi, also known as Amir Mansour Aria, was executed at Evin prison, north of the capital Tehran.

A statement from the justice department read on state television said he was convicted of “corruption on Earth… through bribery and money laundering”. The death penalty was announced after the Supreme Court upheld his sentence.

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