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Iran: People’s billions plundered by the regime

Credit firm clients in Iran increasing their protests & demanding their savings returned
Credit firm clients in Iran increasing their protests & demanding their savings returned

Analysis by PMOI/MEK

 

Iran, June 5, 2018 - Iran’s so-called financial and credit firms, plundering billions from ordinary people’s savings, are in fact state-controlled entities associated to the Revolutionary Guards (IRGC) and/or Iranian regime supreme leader Ali Khamenei. They are left free to continue their practices in even larger scales.

 

Numbers

“It’s not an issue of one or two individuals. Millions of families were involved,” Iranian regime president Hassan Rouhani acknowledged in an interview with state TV back in January.

The anchorman jumped in to add, “20, 30 million people are affected by this phenomenon.”

Hossein Ali Haji Doleigani, a member of Iran’s so-called parliament, shed more light in a session held on July 9th, 2017.

“Around 20 million of the country’s population have money in financial firms,” he said according to the Tasnim news agency, affiliated to the IRGC Quds Force.

 

The Money

Various credit firms, including the Caspian, Fereshtegan, Arman, Thaman and … are known to have plundered ordinary people’s savings.

These firms control 25% of Iran’s liquidity of 14.45 quadrillion rials, equal to 3.61 quadrillion rials. Considering the official rate of each U.S. dollar equaling 42,000 rials, the total amount is around $86 billion. Only 36 countries in the world have revenues over $86 billion.

Iranian Central Bank chief Valiollah Seif resorted to a very obvious lie recently, saying 25 percent of the country’s liquidity is circulating in these firms and through a very effective measure they were able to bring liquidity controlled by these firms to zero! (Iranian parliament news agency – May 13th, 2018)

Seif, however, refuses to explain where has this money ended up that the protesting investors are continuing their daily rallies and gatherings across the country.

A large number of Iranian regime officials and elements are involved in this plundering process, and Sief is the coordinating figure.

 

The Entities

Speaking to the so-called “Independent” faction in the Iranian regime’s parliament, Seif explained how one credit firm alone has rounded up 120 billion rials of its investors’ money, equal to around $2.86 billion. The head of that particular entity didn’t even have a diploma and would enter Seif’s office carrying a pistol, according to the parliament’s news agency.

Again, Seif refuses to explain who this individual was and what particular relationship did such a “gangster” have with the country’s Central Bank chief?

Furthermore, how many more such “gangsters” are roaming around Iran stealing ordinary people’s money?

Of course, these questions are all left unanswered by Seif, knowing any further revelations will unveil his own role. Seif has recently been blacklisted by the U.S. Treasury Department for his support of the Iranian regime’s terrorist activities.

The $2.86 billion Seif referred to could be allocated to realizing fundamental changes in the economy of many countries across the globe. Despite all this theft, not a single individual has been condemned by this regime’s so-called judiciary.

 

Multi-treasury

“Another rampaging dilemma is the fact that our country has a number of treasuries. This is the source of ongoing corruption and incompetence,” according to Jahan-e Eqtesad daily.

There are at least two treasuries in Iran, one controlled by the government and the second in the hands of the IRGC. Interesting is how the IRGC, despite having its own treasury, continues to receive a budget from the government. In March, the government actually increased the IRGC budget by 40 percent.

This goes to show how a number of mafia-like groups in Iran are plundering the country’s wealth for their own objectives and interests.

This slate includes the IRGC, entities linked directly to Khamenei and the Astan-e Quds Razavi “foundation” are such entities that enjoy their own treasury, and continue to steal from ordinary people at an unbridled pace.

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