Home / Crime / Iran Executes Billionaire Over $2.6 Billion In Bank Fraud

Iran Executes Billionaire Over $2.6 Billion In Bank Fraud

The United States may have been shaken in the past by major business executives scamming and cheating, but perhaps that may not have happened as frequently is we upheld justice like Iran did Saturday. On Saturday, authorities at Evin Prison in Iran carried out the hanging of Amir Mansour Aria after he was convicted of more than $2.6 billion in bank fraud. Although he had tried to appeal his conviction, Iran’s Supreme Court upheld the ruling to convict him to death for his crime. The execution was carried out with haste, as even Aria’s defense attorney was not made aware of the execution until after it occurred.

Iran Executes Billionaire Over $2.6 Billion In Bank Fraud


Amir Mansour Aria Executed For Bank Fraud

Image from Farsinet

Amir Mansour Aria was a wealthy businessman in Iran, who owned and operated approximately 35 major businesses. He was a well known figure in Iranian business culture, and was seen as a success by many. Some of his business dealings however got him into trouble recently when it was revealed that he had been forging bank documents to appear more credit-worthy than he really was. He defrauded the banks of billions of dollars of money that he should not have been granted, which he used to purchase major corporations for himself. His actions are the biggest embezzlement case in Iranian history.

Many Iranians had suspected that there was a lot of high level fraud in their economy, among other places, and have been pressing the current government to make things right. As part of the investigation that led to Aria’s arrest and conviction, many other businessmen were convicted as well. Some of the other’s who were found guilty were also subjected to execution, while most others received very long prison sentences for their wrong-doings.

Some countries, such as the United States, have been relatively relaxed in their efforts to prosecute those who are guilty of gross economic crimes against the population. As a result, in America there have been major debacles such as Enron and Bernie Madoff. Iran does not stand alone at being stiff against top level executives found guilty of bank fraud. Iceland has made headlines last year for their attempts at rectifying their economy and holding bankers accountable. Iceland did not choose to execute their offenders though, which still makes Iran a somewhat unique example of economic justice.

It is good to see that there are still courts and countries who will not let the wealthy dictate what is good for the rest of the people, and will not let those people get away with major crimes. When the rich can stand accused of the same penalties as the very poor who would commit the same crimes, that is justice.

Iran Executes Billionaire Over $2.6 Billion In Bank Fraud.

About Steven Kenniff

Lives in Phoenix, AZ. Graduated from Arizona State University in 2005. Writes for American Live Wire, GM Roadster and Northstar Media
  • Robert Tubere

    When punishment is severe and swift, the world will be a better place.

    • Don Teeter

      “Better” if and only if the crimes are truly deserving of swift and severe punishment. Otherwise a horrific nightmare.

  • condew

    This seems more like justice than in the United States, where trillions were stolen and the “justice” department did nothing. The 1% whines about how they don’t get respect, with so many thieves among them not brought to justice, how can we do anything but assume they are all thieves?

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  • Don Teeter

    One seemingly just action does not make a country such as Iran a just place by any means. Consider the huge array of “crimes” for which they hang people and you might not admire them so much. Besides, in what way can a crime of finance and fraud merit death? Imprisonment, confiscation … but not death. Grow up.