Iran Executes Two Men For Economic Crimes

Iran executed two men accused of economic crimes on Wednesday, part of an effort to stem financial misconduct as the country faces an economic crisis and new U.S. sanctions targeting its oil sector.

One of the two executed men was Vahid Mazloumin, dubbed the “sultan of coins” by media, a trader accused of manipulating the currency market, according to Mizan, the news site of the Iranian judiciary.

Mazloumin was allegedly caught with two tons of gold coins, according to the Iranian Students’ News Agency (ISNA).

The second man was part of Mazloumin’s network and had been involved in the sale of gold coins, Mizan reported.

Both of them were convicted of “spreading corruption on earth”, a capital offence under Iran’s Islamic laws.

Special courts focused on financial crimes were set up in August with the approval of Supreme Leader Ayatollah Ali Khamenei, the highest authority in the Islamic Republic.

The courts have handed out at least seven death sentences since they were set up and some of the trials have been broadcast live on television.

The rial currency has lost about 70 percent of its value in 2018 under the threat of revived U.S. sanctions, with heavy demand for dollars and gold coins on the unofficial market from ordinary Iranians trying to protect their savings.

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The cost of living has also soared, provoking sporadic demonstrations against profiteering and corruption, with many protesters chanting anti-government slogans.

NAN reports that in August, the United States reimposed a first round of sanctions after pulling out of a 2015 deal between world powers and Iran under which international sanctions were lifted in return for curbs on its nuclear program.

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  1. This is a good development

  2. Capital punishment is very bad

  3. Y can’t naija be like these countries
    It will reduce the rate of looting

  4. Let them serves as example for others

  5. Is not good to entertain corruption
    They should face the law

  6. They know the Iran Islamic law yet they fell victi

  7. They know the Iran Islamic law yet they fell victim of defiling the earth. #yeye

  8. Nigeria needs such laws and verdicts ti stem some financial crime perpetrators.

  9. Will Nigeria ever learn from countries like this?

  10. Nigeria just emulate this kind of law . The politicians will have sense

  11. so bad, why not abide by the rules of where you reside. wasted life

  12. They take no nonsense like Nigeria

  13. they can execute people! i just the look them self

  14. Is well with them

  15. This people are fast when is comes to criminal case,they don’t give them second chance

  16. Good for them

  17. Instant judgement

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