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Iran: Clients of IRGC-linked credit firm hold protest rally

Caspian credit firm clients and retirees rallying outside the Iranian regime’s Majlis (parliament) – Tehran, Iran – November 12, 2019
Caspian credit firm clients and retirees rallying outside the Iranian regime’s Majlis (parliament) – Tehran, Iran – November 12, 2019

Reporting by PMOI/MEK

Iran, November 13, 2019—A group of retirees and clients of the Caspian credit firm, known to be associated to the Iranian regime’s Revolutionary Guards (IRGC), held a rally outside the mullahs’ Majlis (parliament) in Tehran on Tuesday, November 12, protesting the plundering of their life savings.

 

 

 

Anti-riot police and other oppressive security units resorted to force in order to disperse the demonstrators who were demanding their rights be respected and fulfilled. The protesters were seen chanting, “Oh God, oh God, so much injustice!”

Caspian financial institution creditors protesting outside the regime’s Central Bank – Tehran, Iran

A scene of Caspian credit firm clients and retirees rallying outside the Iranian regime’s Majlis (parliament) – Tehran, Iran – November 12, 2019

On Monday, September 3, Caspian Credit Institute clients rallied outside the Iranian regime's judiciary and demanded the return of their plundered investments.

Caspian, owned by the IRGC, is one of several state-backed credit firms involved in a multi-billion-dollar government-run embezzlement case. In the past few years, these credit institutions have absorbed billions of dollars' worth of investment from ordinary Iranians with false promises of quick returns.

Those promises never materialized. Several of the credit institutions went out of business and others have refused to refund their customers. This has caused among the customers of these institutions and has triggered ongoing protests in many Iranian cities.

On Tuesday, July 12, Caspian clients gathered in front of the regime’s Central Bank to protest against the plundering of their wealth and investments. The protesters were chanting, "The people are tired of hearing promises. Disgraceful government, our money is gone."

 

Caspian financial institution creditors protesting outside the regime’s Central Bank – Tehran, Iran

Caspian financial institution creditors protesting outside the regime’s Central Bank – Tehran, Iran

 

 

Caspian is one of several financial institutions that have been involved in a major embezzlement case involving the theft of billions of dollars' worth of investor money. Regime-linked bodies and individuals mostly own these institutions. In the three two years, the customers of these institutions have been constantly protesting to recover their funds, but the regime has yet to take concrete steps to meet their demands.

 

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