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Iran Arrests Gang-Of-16 'Currency Manipulators'
4
October, 2012
A
gang of 16 shady individuals have been arrested by Iranian officials
for allegedly smuggling currencies outside the banking network in
order to increase the value of foreign currencies and to disturb the
public. As CNN reports, amid the protests in the clip below, Iran
says the 16 unidentified individuals "had used an atmosphere of
psychological war created by the enemy" and colluded with
"certain domestic and foreign groups" to exacerbate
conditions. One of the accused, allegedly, had $300mm going through a
bank account and "will be dealt with soon." Those arrested
"were the main players in the recent fluctuations in the foreign
currency market," the Tehran Judiciary said in a statement as
the public panics over a 60% drop in its currency's purchasing power
in the last few weeks. Of course, a 99% drop in the USD's purchasing
power is acceptable to the US public since it has been achieved over
a century or so...
Via
CNN:
Iran
arrested 16 people Thursday, accusing them of contributing to the
currency crisis plaguing the country that has triggered protests in
the streets.
Those
arrested "were the main players in the recent fluctuations in
the foreign currency market," the Tehran Judiciary said in a
statement.
The
move came a day after riot police worked to disperse protests in the
capital's main bazaar and nearby streets. Demonstrators chanted
slogans opposing firebrand President Mahmoud Ahmadinejad and decrying
the skyrocketing cost of basic goods.
...
The
rial's plummet to historic lows is the result of international
sanctions, imposed largely by the United States and the European
Union in an effort to pressure Iran to sit down for talks on its
nuclear program.
...
Ahmadinejad
and the country's supreme leader, Ayatollah Ali Khamenei, have
assailed the sanctions, insisting "the enemy" will fail in
its efforts and is hurting the Iranian people rather than the
government.
...
The
government did not identify the 16 arrested Thursday. In a written
statement, the judiciary said they "had used an atmosphere of
psychological war created by the enemy" and colluded with
"certain domestic and foreign groups" to exacerbate
conditions."
They
traded extensively in "smuggled" currencies "outside
of the banking network" in order to increase the value of
foreign currencies and disturb the public, the judiciary claimed,
adding that they "amassed illegal fortunes."
One
of the accused had $300 million going through a bank account, the
statement said.
Iran
warned that others "are being accused as well and will be dealt
with soon."
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