The record
Written from the 1 report below. Nothing here is unsourced.
- Iranian officials say intermediaries handling the country's oil revenues outside the formal banking system have misappropriated billions, with some fleeing abroad.
- The State Inspection Organization says 59 criminal cases have been filed against managers of these 'trustee' companies, and prosecutors have sought Interpol Red Notices for 15 individuals.
- The trustee system was set up to bypass sanctions after Iranian banks were cut off from global finance, but it operated with little transparency or oversight.
- The episode has exposed accountability gaps, with officials offering conflicting accounts of who is responsible.
What to watch next
- Outcome of the 59 criminal cases and whether suspects who fled are extradited
- Interpol's response to the Red Notice requests for 15 individuals
- Whether Iran reform or restricts the trustee system for handling oil revenues
Coverage1
1 report
English national1
All filed from India
Named Iran · United Arab Emirates · Türkiye · Oman · Ministry of Oil · Turkey · Central Bank of Iran · Interpol · Iran-China Chamber of Commerce · Iran International · Majid Reza Hariri · Mohsen Paknejad · State Inspection Organization
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