[Flashback] High-profile fraud case rocks Iran

http://www.ft.com/cms/s/0/3ca33a60-a21b-11e4-aba2-00144feab7de.html#ixzz3Q7v6T39U

Posted by John SOH Yong Ye , Year 4 undergrad at the School of Economics, Singapore Management University

Najmeh Bozorgmehr

Until six years ago, Mohsen Pahlevan Moghadam ran a small tourism business and a shish-kebab restaurant. But now the Iranian is accused by Gholam-Ali Sadeghi, prosecutor in Mashhad, of fraud that Iranian media says is worth as much as 940tn rials ($34.3bn), although judiciary officials say the value is still under investigation. Mr Pahlevan, who has not been formally charged, denies the allegations.Mr Pahlevan is one of a generation of young, unknown businessmen who were rapidly promoted with the support of senior authorities under the previous government of Mahmoud Ahmadi-Nejad (2005-2013). The story of the 43-year-old, who rose from a modest background, has caused an uproar among Iranians — and comes after the country has been rocked by revelations of large scale corruption by others under the previous government.

Read more: http://www.ft.com/cms/s/0/3ca33a60-a21b-11e4-aba2-00144feab7de.html#ixzz3Q7v6T39U

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