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Sunday, May 25, 2014

Billionare Executed in Iran

No Mercy: Billionare Executed in Iran

One of the most well known businessmen in Iran, who owned dozens of companies and a local soccer team, was executed for charges of fraud in excess of 2.6 billion dollars. An Iranian court authorized the execution without the knowledge of the lawyer for the accused. “All of his assets were transferred to the plaintiff”, recalled the surprised attorney.

May 24, 2014, 02:42PM | Jacob Northbrook
Execution in Iran
Execution in Iran Reuters
According Amnesty International’s annual list of countries with the most executions, Iran is consistently number one. It is now clear that the Islamic Republic does not discriminate as to the victims of the cruel punishment- at least not for one of the richest men in the country.
A local billionaire, a businessman at the center of a fraud scandal exceeding 2.6 billion dollars of the national bank, was put to death today (Friday) for his crimes- according to national media stations in Iran. This is one of the biggest corruption charges since the Iranian Revolution of 1979.
As is traditional in Iran, the execution of Maphrid Amir Kusrahbi, also known as Amir Mansour Aryeh, at the prison where he was held north of Tehran, was quick. The verdict was given by the Supreme Court without the knowledge of the attorney for the accused. “I didn’t receive any notification of this”, said the attorney to a local news station. “All of his property has been transferred to the prosecutor’s office.”
Kursahbi had become a well-known figure in Iran of late, after the empire he created included over 35 companies, including a number of public companies and a local soccer team. The case began in 2007 once it was revealed that Kursahbi and his associates used fabricated documents in order to obtain credit from the leading bank in Iran, in order to purchase property from the state.
The case, that shook Iran for the past few years, involved 39 defendants, four of whom have been executed. The case brought up difficult questions regarding the corruption of leading officials in Iran and the control of state officials over the largest tycoons in the Iranian market. For now, the courts have made clear that the richest in the state will suffer the same cruel punishment as the common thief.

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