Iran for Beginners: So What is This $2.8 Billion Bank Fraud?

Former Bank Melli Head Mahmoud Reza KhavariThe Islamic Republic will pay a price whatever course the government takes. If the Iranian judiciary actually exposes the full details of high-level corruption, the government stands to lose further legitimacy even among loyal cadres. Yet if the state does nothing, strife among political factions could deepen, undermining attempts to implement policy changes that could address the country's many social and economic ills.

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