A 680 billion Toman loan to the CEO from his own bank! / A fascinating account of a violation

Image

The Research Center of the Parliament has stated in a report that in 2022, Pasargad Bank was one of the banks with the most violations of individual limits in granting loans to related parties.

The continuation of the report examines the performance of each bank, showing that Pasargad Bank in 2022 registered more than 7,000 billion Tomans as the principal amount paid to related parties, and a total of over 21,700 billion Tomans as the remaining loans and obligations to related parties.

In this context, the name of Majid Qasemi, the CEO of Pasargad Bank, also appears among the related parties. According to the image from the report of the Research Center of the Parliament, Qasemi received more than 680 billion Tomans in loans under the category of related parties, which is noteworthy and requires clarification from this private bank.

"Money Laundering News Channel" Dr. Najafi

Image

Who is the 12,000 billion Toman accused of embezzlement at Pasargad Bank?

Yesterday, Ali Salehi, the Prosecutor of Tehran, announced that an indictment had been issued for five financial and banking managers in the country.

According to this, the first defendant in this case, which dates back to 2019, has been announced as the former CEO of Pasargad Bank.

A review of the management status of Pasargad Bank reveals that this person is none other than Majid Qasemi.

Qasemi, along with the manager of the bank’s subsidiary holding (the second defendant), is accused of participating in a massive disruption of the country’s economic system through illegal acquisition of 12,000 billion Toman.

Having been the Governor of the Central Bank from 1986 to 1989, Qasemi has held the CEO position at Pasargad Bank since its establishment in 2005.

Qasemi's management has long been criticized, especially regarding the specific actions of the bank.

He was once dismissed from his CEO position by the Central Bank but returned following a ruling from the Administrative Justice Court.

Postscript: Will the Judiciary really deal with the accusations against the CEO and the powerful Pasargad Bank with authority, justice, and respect for his defense rights?