Iran Press/Iran News: Hamid Reza Bagheri Dermani, known as the 'Sultan of Tar', had been convicted of 'spreading corruption on earth' (spreading corruption on a grand scale), a capital offense under the Islamic law.
The court had found him guilty of forming a corruption network, disrupting the country’s economic, foreign currency and monetary system by carrying out illegal transactions, as well as bribery, Iran Press reported.
Hamid Reza Bagheri Dermani along with Vahid Mazlumin, known as the 'sultan of coins', and his accomplice Mohammad Ismail Qasemi, sentenced to death by a special court set up in August to confront profiteering and corruption in the wake of new US sanctions on Iran. The ruling had been upheld by the Supreme Court.
Vahid Mazlumin and Mohammad Ismail Qasemi were hanged in Tehran on November 14.
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All three men accused of hoarding public commodities in order to cause panic in society, causing disturbance in the country’s foreign exchange market with the ensuing devaluation of Iran's national currency, and helping the enemy in its all-out economic war against the Islamic Republic.
32 other defendants were given various jail terms up to 20 years for economic corruption.
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."
A special court was recently set up by Iranian judiciary to tackle economic corruption amid depreciation of Iranian national currency against foreign currencies. 101/ 211
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