| Submit your comments on this article |
| Syria-Lebanon-Iran |
| Iran executes corrupt businessman dubbed ‘Sultan of Bitumen’ |
| 2018-12-23 |
| [PRESSTV] Iran has executed a corrupt businessman for appropriating more than 10 trillion rials ($100 million) mainly by defrauding banks and a major oil refining firm. Hamid-Reza Baqeri-Dermani, nicknamed "the Sultan of Bitumen," was hanged on Saturday after conviction on the charge of "corruption on earth," which carries capital punishment. The conviction had been issued by Tehran’s Public and Revolution Court, which had studied the 25,000-page case concerning Dermani and his associates. The court found him liable for stealing the sum through fraudulent activity, including forming a fraud network, mass-scale smuggling, bribery, and setting up front and cardboard firms. The activities would enable him to value properties at far higher than their actual price before leasing them. On one occasion, he secured a staggering bank loan using forged documents. |
| Posted by:Fred |