Iran's Supreme Court has upheld the death sentences of 4 individuals convicted of involvement in a $2.6 billion financial fraud case, the office of the national prosecutor general announced on Sunday.
According to Iran's Supreme Court, the 4 convicts who have been sentenced to death have also been ordered to pay fines.
In addition, the manager of the Kish branch of Bank Melli Iran has received life imprisonment and has been ordered to pay fines.
And 2 former deputy ministers and 2 managing directors at the Transport Ministry have been dismissed from their posts and have been sentenced to 10 years in prison and lashes.
They have also been ordered to pay fines and return the assets acquired through the fraud.
The most massive fraud case in the history of Iran triggered a wave of resignations and dismissals of the banking officials.
The Arya Investment Company is at the center of the controversy.
Source: Tehran Times, Feb. 18, 2013
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