A Few More Details on Iranian Bank Scandal Involving Ahmadinejad
Last week we posted a link to an article about a brewing banking scandal in which Iranian President Ahmadinejad has been implicated…
CNN has an article with some additional details that we did not see covered elsewhere:
A commission of the Majlis have decided to order an investigation of Ahmadinejad’s office to look further into the scandal. As is often the case, the Majlis is misidentified by CNN as the Iranian “parliament.” It is actually more accurately described as a “consultative assembly,” as it has none of the powers normally associated with a Western parliament. Nevertheless, the fact that the Majlis has ordered a further investigation could be significant.
The bank was one of the few private banks approved to operate in Iran.