$2.6 billion fraudulent banker from Iran to be arrested Canada

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Iran’s Police Chief Brigadier General Hossein Ashtari voiced the Law Enforcement’s readiness to capture Mahmoud Reza Khavariin cooperation with the Canadian government. Khavariin is a former top Iranian banker who has fled to Canada after committing a massive fraud. Khavari, said to hold dual citizenship and own a home in Toronto, fled to Canada after a $2.6 billion financial fraud came to light in 2011. The embezzlement case started in 2007 by Amir Mansour Arya Investment Company, and developed in 2010 after some Iranian major banks, including Bank Saderat and Bank Melli, granted loans to the company.

Read the full article at Tasnim News.