Iran General NewsIran oil ministry suspected of funnelling out $54 billion

Iran oil ministry suspected of funnelling out $54 billion

-

Iran Focus: Tehran, Feb. 24 – Comments from Iran’s Oil Minister this morning raised suspicions that some $54 billion was being fraudulently used by agencies within the Iranian government, a state-run news agency reported. “I refuse to answer”, was the reply Bijan Namdar-Zangeneh gave as he was questioned by reporters after a cabinet meeting regarding four affiliate oil ministry accounts currently holding $54 billion cash. Iran Focus

Tehran, Feb. 24 – Comments from Iran’s Oil Minister this morning raised suspicions that some $54 billion was being fraudulently used by agencies within the Iranian government, a state-run news agency reported.

“I refuse to answer”, was the reply Bijan Namdar-Zangeneh gave as he was questioned by reporters after a cabinet meeting regarding four affiliate oil ministry accounts currently holding $54 billion cash.

Fars News Agency, which is controlled by the office of Supreme Leader Ali Khamenei, said Namdar-Zangeneh gave his blunt response as reporters asked him to explain why the money had not been handed over to the treasury as required by law.

“Does the constitution not state that any revenue earned must be transferred to the treasury”, the oil minister was asked.

He simply replied, “Why are you shouting so much. I do not want to answer this question. You can write that I refuse to answer”.

He went on to say that altogether oil contracts result in more than $80 billion being transferred throughout the country.

The four affiliate companies that are currently holding money for the Oil Ministry are the National Iranian Oil Company, National Petrochemical Industries Company, National Iranian Gas Company, and National Oil Products Refinery and Distribution Company.

Latest news

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper regarding poverty rate data, a 10% increase in the poverty...

Iran: 9 Prisoners Executed in One Day

The Iranian regime executed five prisoners in Kerman prison and two prisoners in Chabahar prison on April 21. At...

Iran’s Regime Publishes Misleading Information About Unemployment Rate

The state-run Donya-e-Eqtesad newspaper has criticized the "statistic manipulation" employed by Iran's regime in its economic reports, stating that...

Regime Authorities Prevent Students From Entering Tehran Polytechnic University

Simultaneously with the implementation of the "Noor Plan" in Iran, which started on Saturday, April 20, to deal with...

Iran’s Regime Very Close to Producing Nuclear Bombs, IAEA Director Warns

Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), told Germany's state-run network ARD television network in...

Iranian Women’s Resistance: Beyond the Veil of Hijab Enforcement

These days streets and alleys of Iran are witnessing the harassment and persecution of women by police patrols under...

Must read

World powers to meet anew on Iran sanctions

AP: Senior diplomats from six world powers are to...

Iran deputies seek to question president over ‘illegal’ actions

Bloomberg: Iranian members of parliament are renewing a bid...

You might also likeRELATED
Recommended to you