'Sultan of Coins' Executed in Iran

'Sultan of Coins' Executed for Hoarding Tons of Gold

Iran has executed the so-called "Sultan of Coins" and his accomplice for hoarding gold and other hard currency as the country faces an economic crisis in the wake of USA sanctions.

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei earlier permitted Judiciary Chief Ayatollah Sadeq Amoli Larijani to take special measures in order to confront economic corruption and called for "swift and just" legal action against financial crimes.

The courts have handed out at least seven death sentences since they were set up and some of the trials have been broadcast live on television.

The UN, Western countries, and global human rights groups have expressed concerns about the rising number of executions and reported torture incidences in Iran for a variety of alleged offenses, including issues related to religious freedom, women's rights, and economic protests.

Judiciary spokesman Gholamhossein Mohseni Ejehi said last month the pair were sentenced to death because they had been "spreading corruption on earth".

Per the BBC, Vahid Mazloumin was convicted of hoarding gold coins to manipulate prices.

Benjamin Mendy undergoes knee surgery
A statement from the club explained: 'Manchester City can confirm that Benjamin Mendy has undergone surgery on his left knee tonight.

Facebook ends forced arbitration of sexual misconduct claims
Follow Business Insider Australia on Facebook, Twitter , LinkedIn , and Instagram . Facebook announced the policy change in an internal message to staff on Friday.

U.S. military could lose war against China: American Congress` appointed commission
This includes lifting budget caps on defence spendings and allocate proper resources and in the right measure. Russian Federation and China have "learned from what we've done.

Iran does not publish official statistics on the number of people it executes.

"The octopus-like network disrupted the economy by buying, selling and smuggling foreign currency and gold coins", Mizan said.

A third person, Hamid Bagheri-Dermani, was also accused of corruption and sentenced to death in preliminary hearings. The ruling had been upheld by the Supreme Court.

At least 32 other people were sentenced to jail terms after related convictions in the case, Iranian media reported.

The rial currency has lost about 70 percent of its value in 2018 under the threat of revived U.S. sanctions, with heavy demand for dollars and gold coins on the unofficial market from ordinary Iranians trying to protect their savings.

The cost of living has also soared, provoking sporadic demonstrations against profiteering and corruption, with many protesters chanting anti-government slogans.

Related:

Comments

Latest news

A British man dies of rabies after holidaying in Morocco
The last recorded rabies case in Britain was in 2012, when a British grandmother was bitten by her son's pet dog in India. The victim, a Briton, died after contracting rabies while in Morocco , The Telegraph quoted health officials as saying.

Beating Lyft to the punch, Uber unveils rewards program in San Diego
Once you reach a reward level, you'll keep those rewards for the rest of the earning period and the next six months as well. Uber will offer a tiered reward system - escalating from Blue to Gold to Platinum to Diamond - with escalating benefits.

David Cutcliffe and Stadium Worker Dance to James Brown After Win
The affable Duke coach celebrated the Blue Devils' third straight win over the Tar Heels by dancing his way into the locker room. Duke is now 7-3, fourth in the ACC Coastal and will finish the regular season with games against No. 2 Clemson and Wake Forest.

Chelsea could be given two-year transfer ban
In a statement provided to Goal , FIFA have denied reaching a decision on the matter, saying that the matter was still ongoing. No further information can be provided as the cases are ongoing.

New research shows fish oil, vitamin D may not be worth it
But large studies that directly test the benefits of vitamin D and fish oil in supplement form have given inconsistent results. Doctors have been keenly interested in learning the supplements' true value, given their tremendous popularity with patients.

Warren Whiteley in doubt for Scotland but Eben Etzebeth back
Scotland, however, will feel confident they can match the Springboks physically, having outmuscled Fiji 54-17 at home last weekend.

Born this way: Why Prince Charles was destined to be a king
There was sustained applause as the audience gave the prince three birthday cheers. He said: "I would like him to have more time with the children".

Niantic teases Pokémon Go-inspired Harry Potter: Wizards Unite in trailer
As the wizarding world bleeds into the muggle world, players are called upon to help stop the problem. The trailer lasts 31 seconds, and there's quite a lot going on.

Medics start #ThisIsMyLane to hit back at NRA with gun trauma stories
In an interview , Sidwell said the divisiveness made it hard to find the common ground necessary for improving gun safety. Half of the articles written n Annals of Internal Medicine are pushing for gun control.

Opinions & Transfer NewsManchester United made favourites to land Marko Arnautovic
Asked if it was possible Arnautovic could leave soon, his brother added: "That's possible". But for a player like Marko this can not be the end, 'said Danijel Arnautovic .

Freaky new Bunnings snag rule introduced due to health & safety concerns
Prime Minister Jacinda Ardern said she expected to raise why a strong friend like New Zealand was being punished by the tariffs. According to a report by the Herald Sun , you'll now get a sausage on top of the onion in a change that's a little unusual .

Great Stan Lee Cameos Not In Marvel Movies
Reacting to the gaff in good humour, Spike, 61, posted the newspaper cover with the caption: "God Bless Stan Lee . Armie Hammer has problem with the way celebrities are honoring Stan Lee .

Ohio State considering legal action against Brett McMurphy
He says Ohio State is " certainly looking into legal action " against Brett McMurphy . Earlier this month, Grimes' father even denied the incident.

Division III basketball player takes flagrant shot at opponent's head
On Wednesday, the Fitchburg State announced that the player had been suspended from the team and barred from campus. The dirtiest play in college basketball has already been decided a week into the season.

Immigrant Caravan Marches Towards Central Mexican City Of Irapuato
The migrants appear to be on a path to Tijuana across the border from San Diego, which is still some 2,575 kilometres away. Trump has also insinuated without proof that there are criminals or even terrorists in the group.

Other news