Iran Press/ Iran news: According to media reports, Bahrain's High Criminal Court has accused the CBI and some other Iranian banks and their o fficials of being involved in "money laundering" activities.
The Bahraini public prosecutor has sentenced the defendants to various terms of imprisonment as well as financial punishment.
The CBI and the other Iranian banks were handed fines of 1 million Bahraini dinars each, and that confiscation was ordered of laundered funds.
Bahrain’s public prosecutor and state-owned news service claimed that the prosecution was “the largest money laundering case in the history of the kingdom.”
The CBI called on the Bahraini judicial authorities to immediately stop the trend.
According to the statement, in 2004, with the Bahraini government's welcoming of Iranian investors and its permission, Ayandeh Bank was established and continued to operate under the Central Bank of Bahrain (CBB).
"Not only has there been no illegal activity in the operations of the Future Bank in Bahrain, but it was selected as the model bank in 2013 and 2014 due to its greater compliance with advanced regulatory standards," the statement reads.
After Iran-Saudi Arabia's diplomatic relations were stranded, the Central Bank of Bahrain suddenly seized Ayandeh Bank. CBB expelled Iranian managers and shareholders, the statement continued.
After about five years, it was revealed in some media outlets that the Bahraini government had filed a money laundering charge against Ayandeh Bank in a Bahraini court.
The politically motivated move began without a minimum observance of the formal and substantive rules of a fair trial, including the need to notify the charge, determine the investigating authority, observe the right of defense, and pay attention to the judicial and executive immunity of the CBI. Apparently, the proceedings have led to the issuance of a conviction for the expropriation and seizure of the property and assets of Iranians in Bahrain to get legalized, the CBI noted.
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