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Death sentence for bankers
#1
No, not Wall Street or the City of London.....



Quote:Iran sentences four to death over bank fraud with political fallout

Unnamed quartet to hang after £1.7bn embezzlement scandal raised questions over Iranian privatisation drive



Reuters
guardian.co.uk, Monday 30 July 2012 17.15 BST


An Iranian court has sentenced four people to death for a billion-dollar bank fraud that tainted the government of President Mahmoud Ahmadinejad, according to state media.

Iranians, hit by sanctions and soaring inflation, were shocked by the scale of the $2.6bn (£1.7bn) embezzlement, which was exposed last year, and by allegations it was carried out by people close to the political elite, or with their assent.

Thirty-nine people were tried for the fraud, the biggest in the Islamic Republic's history. Four of those had been sentenced to hang, the IRNA state news agency reported.

"According to the sentence that was issued, four of the defendants in this case were sentenced to death," prosecutor general Gholam-Hossein Mohseni-Ejei told IRNA.

Two people had been sentenced to life prison terms, and others received jail sentences of up to 25 years, Mohseni-Ejei said. In addition to jail time, some were sentenced to flogging, ordered to pay fines and banned from government jobs.

Mohseni-Ejei did not name the defendants, whom Iranian media have identified only by their initials. State television broadcast parts of the trial but blurred out the faces of the accused.

The man described by Iranian media as the mastermind of the scheme, the businessman Amir Mansoor Khosravi, is said to have forged letters of credit from Iran's Bank Saderat to fund dozens of companies and buy a state-owned steel factory.

Mahmoud Reza Khavari, the former head of Iran's biggest bank, the state-owned Bank Melli, resigned over the affair and fled to Canada, where records show he owns a $3m home.

The case has been politically awkward for Iran's leadership, which aims to show it is tough on corruption. It also raises questions about whether the government's privatisation drive has largely benefited friends of the political elite.

Ahmadinejad has rejected claims that the investment company at the heart of the scandal has links to his closest aide, Esfandiar Rahim Mashaie, a powerful figure who has become the prime target for the president's adversaries within the hardline ruling elite.

Ahmadinejad's economy minister, Shamseddin Hosseini, survived an impeachment vote last year in which members of parliament accused him of lax banking supervision.

Acknowledging the political damage, Iran's Supreme Leader, Ayatollah Ali Khamenei, criticised financial corruption in televised comments last year but warned that the media should not "drag out the issue".

"Some want to use this event to score points against the country's officials," Khamenei said. "The people should know the issue will be followed up on."

Mohseni-Ejei has held up the case as a demonstration that Iran can deal appropriately with high-level fraud. "The government, parliament, and all available devices were used to pursue the issue so that corruption can be fought in an open manner," he was quoted as saying earlier this month.

But one of the defendants complained that, while the judiciary had pursued some low-level players in the fraud vigorously, senior officials involved in the scandal had gone unpunished.

"Many other banking officials are outside of prison right now. Why are you able to put us on trial and have nothing to do with them?" the unnamed steel company official said, according to Iran's Fars news agency.

The anti-corruption group Transparency International ranked Iran 120 out of 183 countries on its 2011 corruption perceptions index.
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."

Gravity's Rainbow, Thomas Pynchon

"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
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#2
Well, it is a start. So is this.

Quote:

Tate Modern Death Fall Man Was Senior HSBC Banker

July 31st, 2012 Via: Telegraph:
A man who plunged 100ft to his death at the Tate Modern art gallery in London was a senior bank manager with HSBC.
Michael Foreman, 48, fell from a fifth-floor balcony in the members' bar area of the gallery on the South Bank last Tuesday evening.
The banker, who lived in Grays, Essex, with his wife Janet, was reported missing the day before he died.
Horrified witnesses described seeing a man dressed in a suit without a tie plunge from the bar area shortly before the gallery, whose imposing building was once a power station, closed at 6pm. Police are not treating the incident as suspicious.
Mr Foreman was named today as an inquest into his death opened at Southwark Coroner's Court.
The short hearing was told that he was a "senior bank manager with HSBC" and died from "multiple traumatic injuries". He was formally identified by his wife.
He had worked for HSBC for 30 years and was based in head office in Canary Wharf in the business banking section.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
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