Bank Bosses Sacked in Salaries Scandal

By John Lee.

Middle East Eye reports that the heads of four major public banks have been sacked following revelations that they can earn $65,000 per month – 100 times Iran’s average.

At the request of the president to investigate the issue of salaries, the heads of Mehr Iran, Mellat, Refah and Saderat banks have been replaced on the orders of the economy minister for receiving unconventional salaries and loans,IRNA said, quoting an unnamed official.

Leaked information showed not just inflated salaries, but what appear to be bonuses, interest-free loans and overtime payments.

(Source: Middle East Eye)

(Picture Credit: Tasnim)

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