Iran executes 'Sultan of Coins' convicted of hoarding

Pauline Gross
November 17, 2018

Today Amnesty International condemned the "horrific" executions and said Iran had violated international law.

Iran executed two men accused of economic crimes on Wednesday, signaling zero tolerance as it tries to shore up its currency in the face of an economic crisis and new USA sanctions targeting its oil sector.

Earlier this month, US President Donald Trump reimposed sanctions on Iran's energy, banking and shipping sectors. At the end of summer in this middle Eastern country has created a special "anti-corruption" the courts for verdicts on the financial, prestupleniyu Iran for corruption crimes in the sphere of economy was executed two people.

According to the Iranian news agency Irna, the "Sultan of Gold Coin" is convicted of amassing two tons of gold to manipulate the gold market.

The rush caused the rial to lose around 70 percent of its value against the dollar and the price of gold coins to quadruple at one stage this year.

There have been widespread reports this year of dealers and middlemen manipulating the markets by hoarding dollars and coins in order to push up prices.

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Iran's Supreme Leader Ayatollah Ali Khamenei approved a judicial request in August establishing a special court for those suspected of financial crimes, which has since sentenced several people to death.

A second co-defendant, Hamid Bagheri-Dermani, was also accused of corruption and sentenced to death at the original trial.

August also saw the head of the central bank sacked over his handling of the rial's slide, and his deputy in charge of foreign exchange arrested.

The UN, Western countries, and global human rights groups have expressed concerns about the rising number of executions and reported torture incidences in Iran for a variety of alleged offenses, including issues related to religious freedom, women's rights, and economic protests.

Their trial was broadcast on state television and in September, they were sentenced to death on the charge of "spreading corruption on earth".

Other reports by GizPress

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