The newest plundering of hundreds of millions of dollars in regime was revealed by its economic minister Ali Tayeb-Nia. This financial corruption is valued to $346 million. Minister of economic has said: “a “paper company” [a company that exists only on paper document] was formed with a number of institutes, retired personnel and some working personnel were active to make faked documents for taxing and receiving loans from banks”.
Tayeg-Nia said: “another company was using faked invoices from this company to pay $34.6 million to the tax organization to facilitate its works”. According to the minister it took about two years for this bogus financial system to become fully operational.
There are numerous cases of fraud and corruption like the $87.5 million case regarding Iran Insurance, and the case of Babak Zanjani with $228 million value are prime examples of this huge plundering by regime’s authorities. But this new case is beyond anybody’s imagination, and highest ranking officials have been involved in it.