Nov 14, 2018 12:21 Asia/Tehran
  • Vahid Mazloumin(L)
    Vahid Mazloumin(L)

Vahid Mazloumin, known as Sultan of Coins, was executed in Tehran early on Wednesday, as a part of anti-corruption efforts.

Iran Press/Iran News: Vahid Mazloumin and his accomplice Mohammad-Esmaeil Qassemi, who had formed a smuggling gang were convicted of being involved in economic corruption, manipulating the domestic currency market and making illegal deals, and they were sentenced to death.

Both of them were convicted of “spreading corruption on earth”, a capital offense under Iran’s laws, according to Iran Press.

On Oct. 22, Iranian Judiciary Chief Ayatollah Sadegh Amoli Larijani said that the enemies targeted the foreign currencies and gold coin markets with the help of some insiders in a bid to topple the Establishment by creating economic disturbance.

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Based on a report released by Central Bank of Iran (CBI) about nine months ago, and after investigation carried out by Iran's Ministry of Intelligence and the Police, a number of key individuals involved in embarrassing the Forex and currency markets were arrested.

In early July, Mazloumin, 58-year-old gold coin dealer, was arrested.

On Oct. 14, Iran's Judiciary spokesman, Gholam Hossein Mohseni Eje'i has warned all those who operate illegally in the foreign currency market and said "If arrested, the sentences are definite and there will be no suspended sentences."

The spokesman of Iran’s judiciary, added that the special court tasked with fighting economic corruption in foreign currency market has given 49 people their penalties, and the cases for 100 suspects are currently being studied by the court.

A special court was recently set up by Iranian judiciary to tackle economic corruption amid depreciation of Iranian national currency against foreign currencies.

Iranian "Rial" regained some of its' previously lost value after the Central Bank of Iran announced new policies to manage the market. 101/201

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