170,000 billion tomans of facilities granted by Eghtesad Novin Bank beyond the allowed limit

The central bank is still in a dream of deliberate neglect

Abdi Media has obtained new documents that reveal other dimensions of corruption in Eghtesad Novin Bank.

According to these documents, the review of the monitoring bodies of Eghtesad Novin Bank's credit and facilities shows that "the managing director and deputy director of credit of this bank during the last 3 years, with actions contrary to the rules and regulations announced by the Central Bank, provided facilities beyond the regulatory limits in the amount of They have provided 170 thousand billion tomans.

This confidential document, which Abdi Media does not want to publish for some reasons, shows that the granting of this facility in many cases shows the lack of compliance with credit health, and in this regard, by adopting a destructive strategy in paying bank interest over the rate approved by the Money and Credit Council. Multiple overdrafts from the central bank's resources to grant the aforementioned facilities, taking action to grow the bank balance sheet beyond the limit permitted by the central bank's notification, etc., provide a significant ratio in the creation and increasing volume of liquidity and subsequently the inflationary effect resulting from effective guidance in economic growth. has done

In several notes, I wrote about the organized violations of the CEO and credit manager of Eghtesad Novin Bank, who were supported by the corrupt security gang, and due to the weak performance of the central bank managers, including the general managers of banking regulations and combating money laundering, as well as the general manager of bank supervision, and especially I warned Mr. Saleh Abadi, the director general of the central bank, and suggested that he appoint a special committee as soon as possible to deal with the corruption of the New Economy Bank.

After being disappointed by the quick and decisive action of the head of the national security organization and the head of the security center of the Ministry of Economic Affairs and Finance as well as the central bank, I hope that the head of Tehran's Economic Crimes Prosecutor's Office, in the capacity of the public prosecutor, or the relevant officials, will seriously enter into this case as soon as possible and dry up the roots of corruption in this bank and protect people's property.

Unfortunately, I have not done more work than informing and publishing these documents, and we are still waiting to see what the regulatory and security institutions will do.

Abdollah Abdi