Middle East Economic Survey
VOL. LIV
No 40
3-Oct-2011
IRAN
Irans Banking System In Disarray As Bank Melli MD Resigns
The head of Irans largest state-owned bank has reportedly left the country, after stepping down on 27 September following news that broke earlier in the month of a $2.6bn banking scam (MEES, 19 September). Bank Melli Managing Director Mahmoud Reza Khavari is alleged to have flown to Canada, after the quick-fire arrests of several high-ranking bankers in connection with the...
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