Iran’s ex-central bank chief and officials sentenced to prison
Al Jazeera
The judiciary said the officials’ illegal distribution scheme hurt the country’s economy at a time of special hardship under US pressure.
Tehran, Iran – The former governor and several former officials in Iran’s central bank have been sentenced to prison for illegal practices in managing the country’s tumultuous foreign currency market under United States sanctions.
Valiollah Seif, who led the troubled central bank for almost five years until his sacking in July 2018, was sentenced to 10 years in prison, judiciary spokesman Zabihollah Khodaeian told state television on Saturday.
Seif, who was appointed as a top banking adviser to then-President Hassan Rouhani immediately after leaving the central bank amid corruption allegations, was found guilty of “participation in disrupting the country’s financial system through illegal smuggling of foreign currency”.
