Tag Archives | corruption

Iran Falls in Transparency Ranking

By John Lee. Transparency International has said that Iran’s ranking has fallen eight places in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iran came in at number 138; last year’s position was 130 out of 180 countries. This result puts it on equal ranking with Lebanon and Russia, ahead of […]

Iran Improves (Slightly) in Transparency Ranking

By John Lee. Transparency International has said that Iran’s ranking has improved one place its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iran came in at number 130; last year’s position was 131 out of 176 countries. This result puts it behind countries such as Azerbaijan, Kazakhstan and Moldova, and just […]

How do Iran’s “Corrupt Networks” operate?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On Jan. 28, at an event celebrating 50 years of capital markets in Iran, the head of the Central Bank of Iran, Valiollah Seif, publicly stated, “The formidable power of illegal stakeholders on Iran’s economy has […]

How Rouhani can Combat Corruption in Iran’s Budget

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A full appreciation of the root causes of the recent protests in Iran requires deep and concise analysis of the socio-economic and socio-political realities in the country. Notwithstanding, even prior to these protests, there […]

Erdogan helped Iran evade US Sanctions, Zarrab claims

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. A trial playing out in New York is being watched carefully in Turkey. That’s where a banker accused of helping to launder money for Iran is from. And wrapping up his testimony on […]

Turkish-Iranian Gold Trader Pleads Guilty

By John Lee. Prosecutors in the United States have reportedly revealed that a wealthy Turkish-Iranian gold trader has agreed to testify about what is claimed to be a “vast corruption scheme they say reached into the upper levels of the Turkish government.“ Associated Press says that Reza Zarrab (34) is expected to outline how he […]

Iran Says Ready to Revive Crescent Deal

Iranian Minister of Petroleum Bijan Zangeneh says Iran has notified Crescent Petroleum of its readiness to export natural gas to the Sharjah-based company. Speaking in an interview with Iran Daily, the official said: “We have informed Crescent Petroleum that we are ready to recover gas exports to the company and have carried out all the […]

What’s on Rouhani’s second-term Economic Agenda?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Hassan Rouhani’s re-election on May 19 is welcome wind in the sail of the moderate political forces in Iran. The sharp rise in the index of the Tehran Stock Exchange can also be seen […]

US charges Turkish Banker in Iran Sanctions Probe

By John Lee. Reuters reports that US prosecutors have charged an executive at the Turkish state-owned Halkbank in relation to alleged violations of US sanctions against Iran. Mehmet Hakan Atilla (47) is accused of conspiring with Turkish gold trader Reza Zarrab to use front companies and fake invoices to move hundreds of millions of dollars of […]

Iran Falls in Corruption Ranking

By John Lee. Transparency International has said that Iran has fallen slightly in its global Corruption Perceptions Index (CPI) ranking. From at total of 176 countries, Iran came in at number 131, just lower than last year’s position of 130 out of 167 countries, and tying with Kazakhstan, Nepal, Russia and Ukraine. This result puts […]

Can Rouhani reel in the IRGC’s Financial Empire?

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. For months, Iran’s hardliners have used the term “JCPOA” — the Joint Comprehensive Plan of Action — to undermine the credibility of President Hassan Rouhani’s administration. Over the past couple of weeks, they have […]

Corruption Scandal hits Tehran City Council

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. According to an Iranian news outlets, Tehran’s City Council is caught up in a corruption scandal involving Tehran real estate. Memari News reported Aug. 27 that it had acquired documents showing that 1,100,000 square […]

Accusations of Corruption grow at Bank Mellat

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Tehran public prosecutor Abbas Jaffar Dowlatabadi sat down with reporters and divulged new information about the corruption cases that have rocked Iran in recent weeks. On the arrests at Bank Mellat, Dowlatabadi said that it […]

The Downfall of two Iranian Tycoons

By Rohollah Faghihi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iranian tycoons Babak Zanjani and Reza Zarrab are now both finding themselves in dire straits. Zanjani, one of the most well-known magnates in Iran, has been sentenced to death for allegedly not paying […]

Iran-Related Oil Consultancy Accused of Corruption

By John Lee. An oil consultancy company founded by an exiled Iranian has been accused of widespread bribery and corruption in the oil industry, including in Iraq and Libya. An investigation by Fairfax Media — publisher of The Age and The Sydney Morning Herald newspapers — and The Huffington Post, claims that Monaco-based Unaoil channelled huge bribes to government […]

Iran, Iraq MoU on Financial Corruption

By John Lee. High-ranking officials from Iran and Iraq are to sign a memorandum of understanding (MoU) to improve cooperation in fighting financial corruption. The Head of the General Inspection Office of Iran, Nasser Seraj, hosted a visit from Hasan Al-Yasiri, the head of Iraq’s Commission of Integrity, at which various aspects of the anti-corruption […]

Iran Improves Transparency Ranking (Slightly)

By John Lee. Transparency International has said that Iran has risen slightly in its global Corruption Perceptions Index (CPI). From at total of 167 countries, Iran came in at number 130, slightly better than last year’s position of 133 out of 175 countries, and tying with Cameroon, Nepal, Nicaragua, Paraguay and Ukraine. This result puts […]

Iran Files Claim to Ownership of Onur Air

By John Lee. Iran’s Oil Ministry has opened a legal case in Turkey demanding ownership of budget airline OnurAir. The company was acquired for $235 million in 2013 by Kudret Tuncel and Mahdi Shams, two allegedly official partners of Babek Zanjani, who has been in jail in Iran pending trial on corruption charges for almost […]

Petroleum Minister Underlines Anti-Corruption Drive

The Minister of Petroleum, Bijan Zangeneh, has called for the fight against financial corruption across the country urging the ministry’s staff to be careful to provide an honest service. “Due to large amounts of monetary transactions in the oil industry, there is the possibility of corruption. The money in the oil belongs to the public […]

What Rouhani’s done to Fight Corruption

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. There has been a lot of talk in Iran about fighting administrative and financial corruption over the past decade. Yet, corruption has not diminished. Rather, the phenomenon has continued to plague the Iranian economy. […]