Reported by PMOI/MEK
Iran, Nov. 20, 2018 - On Monday, the customers of the Caspian Credit Institution gathered in front of the judiciary’s office to protest against the plundering of their investments by the IRGC-affiliated financial institution. The protesters demanded the return of their deposits.
“Caspian committed theft with the government’s support,” the protesters chanted.
“The money you hold is everything we have,” they also said, protesting that the government-backed institutions have ruined their lives. The demonstrators criticized government officials for giving false promises and lying for the past two years.
The IRGC affiliated Caspian has been officially recognized and authorized by Iran’s Central Bank and has absorbed the savings of thousands of Iranians across the country. However, last year, the institution filed for bankruptcy, taking away all the investments of its customers. Caspian is one of several credit institutions with shady backgrounds and disastrous outcomes that have stolen the savings of middle-class Iranians. All of these institutions have close ties to government officials and institutions and have been running Ponzi schemes for years.
At the same time, in Mashhad, the customers of the Badr Toos, another financial institution with ties to the IRGC, demonstrated in protest to the theft of their deposits. The protesters demanded the return of their deposits.