Monday, July 30, 2012

A different way to treat bank fraud

The 39 fraudsters forged letters of credit from a bank to fund dozens of companies and buy a state-owned steel factory.  The trial found them all guilty; four, including the ringleaders, were sentenced to death. two to life, the rest to jail sentences of up to 25 years.  Some were also flogged and had to pay fines.

What country is this that really punishes bad bankers?

Iran

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