on Saturday 16 October, 2021
Former Iran central bank governor gets 10-year jail term
A man walks past the Central bank of Iran in Tehran, Iran. (Reuters)
A former governor of Iran’s central bank was sentenced Saturday to 10 years in jail over the loss of $160 million and 20 million euros in foreign currency trading.
Valiollah Seif, who headed the monetary authority between 2013 and 2018, is the first Iranian central bank governor ever to be indicted.
Seif, 69, remains free pending an appeal.
The judiciary’s website said he had repeatedly broken the law along with his deputy, Ahmad Araghchi, who was handed an eight-year jail term.
A third senior figure at the central bank, Rassoul Sajad, received a 13-year sentence for illegal foreign currency trading and taking bribes.
Most read
Cholera spreading in Houthi-controlled parts of Yemen: UN
UN Security Council to vote Friday on Palestinian UN membership
Israel will respond to Iran’s missile and drone attack, army chief says
Jordan FM summons Iranian ambassador to protest interference in its affairs
Czech Republic summons Iranian ambassador over Israel attack