Former Iranian central bank chief sentenced to 10 years on corruption charges
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
FRIDAY, MAY 20, 2022
FRIDAY, MAY 20, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Former Iranian central bank chief sentenced to 10 years on corruption charges

Middle East

Reuters
16 October, 2021, 05:35 pm
Last modified: 16 October, 2021, 05:36 pm

Related News

  • Hezbollah and allies lose majority in Lebanese parliament, final results show
  • Israel says Iran working on advanced centrifuges at new underground sites
  • Price protests turn political in Iran as rallies spread
  • Price protests turn political in Iran as rallies spread
  • EU's Borrell says coordinator trip to Iran was positive

Former Iranian central bank chief sentenced to 10 years on corruption charges

In 2018, the US Treasury Department placed Seif under sanctions for helping transfer millions of dollars to the Iran-backed Lebanese group Hezbollah

Reuters
16 October, 2021, 05:35 pm
Last modified: 16 October, 2021, 05:36 pm
Valiollah Seif, Governor of Central Bank of Iran, waits to start a meeting with Britain's Foreign Secretary Philip Hammond (unseen) in Tehran, Iran August 23, 2015.  REUTERS/Darren Staples
Valiollah Seif, Governor of Central Bank of Iran, waits to start a meeting with Britain's Foreign Secretary Philip Hammond (unseen) in Tehran, Iran August 23, 2015.  REUTERS/Darren Staples

A former governor of Iran's Central Bank, Valiollah Seif, was sentenced on Saturday to 10 years in prison on corruption charges involving the mismanagement of millions of dollars, the judiciary said.

Seif and two of his deputies, who also received jail terms, were found guilty of "disturbing the foreign exchange market, the country's economic climate and mismanagement," a judiciary spokesman was quoted as saying by state media.

State TV said Seif and one of his deputies, Ahmad Araghchi, who was sentenced to eight years in jail, had "provided illegal conditions for the mismanagement of about $160 million and 20 million euros".

Another deputy, Salar Aghakhani, was sentenced to 13 years.

Seif led the central bank from 2013 to 2018 under former President Hassan Rouahni's administration. He was replaced by Abdolnasser Hemmati.

In 2018, the US Treasury Department placed Seif under sanctions for helping transfer millions of dollars to the Iran-backed Lebanese group Hezbollah.

World+Biz

Iran / Iran corruption / Iran’s Central Bank / , Valiollah Seif,

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • What needs to be done now?
    What needs to be done now?
  • Bangladesh’s currency has lost value by more than Tk7 against the greenback in only around seven days in the kerb market. Photo: Noor-A-Alam
    Dhaka’s kerb market money exchangers losing out on customers
  • A woman walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, 10 May 12018. Photo: REUTERS
    IMF urges Asia to be mindful of spillover risks from tightening

MOST VIEWED

  • Turkey's President Recep Tayyip Erdogan poses for a photograph with NATO Secretary General Jens Stoltenberg (not pictured) during the NATO summit at the Alliance's headquarters, in Brussels, Belgium, June 14, 2021. Kenzo Tribouillard/Pool via REUTERS
    Turkey's Erdogan links Sweden, Finland NATO bid to return of 'terrorists'
  • A supporter of Shi'ite Amal Movement drives past a poster of Lebanon's Hezbollah leader Sayyed Hassan Nasrallah on the parliamentary election day in Houla, southern Lebanon May 15, 2022. REUTERS/Aziz Taher/File Photo
    Hezbollah and allies lose majority in Lebanese parliament, final results show
  • An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, 15 January 2016. REUTERS/Leonhard Foeger
    Israel says Iran working on advanced centrifuges at new underground sites
  • U.S. Vice President Kamala Harris and Secretary of State Antony Blinken offer condolences to United Arab Emirates' President and ruler of Abu Dhabi Sheikh Mohammed bin Zayed al-Nahyan after the death of UAE's President Sheikh Khalifa bin Zayed al-Nahyan at the Presidential Airport in Abu Dhabi, United Arab Emirates, May 16, 2022. United Arab Emirates Ministry of Presidential Affairs/Handout via REUTERS
    Biden sends top-tier team to UAE with eye on frayed ties
  • A general view of the gas field in Basra , Iraq, August 26, 2017. Picture taken August 26, 2017. REUTERS/Essam Al-Sudani
    Iraq balks at greater Chinese control of its oilfields
  • A supporter of Lebanon's Hezbollah gestures as he holds a Hezbollah flag in Marjayoun, Lebanon May 7, 2018/ Reuters
    Lebanon's Hezbollah, allies likely to lose parliamentary majority, sources say

Related News

  • Hezbollah and allies lose majority in Lebanese parliament, final results show
  • Israel says Iran working on advanced centrifuges at new underground sites
  • Price protests turn political in Iran as rallies spread
  • Price protests turn political in Iran as rallies spread
  • EU's Borrell says coordinator trip to Iran was positive

Features

Two paddle steamers (orange coloured) and two new steamers are docked at Badamtoli Rocket Ghat on the bank of the River Buriganga in Old Dhaka. The photo was taken recently. Photo: Mumit M

The last water rockets

33m | Features
Bangladesh’s currency has lost value by more than Tk7 against the greenback in only around seven days in the kerb market. Photo: Noor-A-Alam

Dhaka’s kerb market money exchangers losing out on customers

33m | Panorama
Sketch: TBS

'Food inflation is an unavoidable consequence of currency devaluation'

22h | Interviews
The open-browser-tabs question also tells an interviewer how much of an internet native the job applicant might be. Photo: Noor-a-Alam

The best question to ask a job applicant

22h | Pursuit

More Videos from TBS

Putin's strategies to face Nato

Putin's strategies to face Nato

11h | Videos
How many countries have nuclear weapons and how many are there?

How many countries have nuclear weapons and how many are there?

11h | Videos
Dengue fever is rising, so beware

Dengue fever is rising, so beware

11h | Videos
How a university teacher and PHD holder become farmer

How a university teacher and PHD holder become farmer

15h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

3
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

4
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

5
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

6
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab