Arab Today, arab today iran parliament impeaches economy minister
Last Updated : GMT 03:44:27
Arab Today, arab today
Arab Today, arab today

For alleged laxity in monitoring banks

Iran parliament impeaches economy minister

Arab Today, arab today

Arab Today, arab today Iran parliament impeaches economy minister

Iranian Economy Minister Shamseddin Hosseini
Tehran - AFP

Iranian Economy Minister Shamseddin Hosseini Iran\'s parliament on Sunday launched an impeachment process against the economy minister for alleged laxity in monitoring banks, in fallout from a 1.6-billion-dollar embezzlement scandal .
The impeachment of Economy Minister Shamseddin Hosseini will focus on his alleged lax oversight of banks and handing out posts to individuals without properly vetting them, the state television\'s website reported.
The minister must appear before parliament within 10 days.
In mid-September, officials began a probe into allegations that a private group had amassed trillions of rials through forged letters of credit approved by half a dozen Iranian banks.
Revelations of the scam, which had initially been estimated at 2.6 billion dollars and billed as Iran\'s biggest ever, caused a media storm and prompted the country\'s supreme leader to call for restraint as investigations continued.
A member of parliament\'s presiding board, Omidvar Rezai, was quoted by local media as saying Sunday: \"The minister will (also) be questioned ... regarding his failure to resist pressure exerted by executive officials.\"
Media opposed to President Mahmoud Ahmadinejad have published a letter attributed to his chief of staff and principal adviser, Esfandiar Rahim Mashaie, in which he reportedly asked Hosseini to facilitate the accused group\'s operations.
For the past several months, Mashaie has been the target of a fierce campaign led by hardliners in the ruling conservative camp, who accuse him of leading a \"current of deviation\" to undermine the regime\'s principles.
Ahmadinejad, whose decision to stand by Mashaie has angered conservatives, also slammed the new charges against his government.
In an interview with CNN, a transcript of which was published by Iranian media, Ahmadinejad said Saturday he expected the judiciary would clear all members of his government of involvement in the scam.
Parliamentary impeachment of ministers is relatively common in Iran, where the government and parliament traditionally have an uneasy relationship.
The last official to have paid the price was transport minister Hamid Behbahan, who was impeached and sacked by parliament in February after a deadly plane crash.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran parliament impeaches economy minister Arab Today, arab today iran parliament impeaches economy minister

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday