Chief Executive Officer of Bank Melli Mahmoud-Reza Khavari has resigned, reports claim CEOs of Bank Saderat, Saman Bank ousted.
Khavari admitted that Bank Melli had some involvement in the fraud but accused Bank Saderat of committing the bulk of wrongdoing. In a letter addressed to Iranian Economy Minister Shamsoddin Hosseini Khavari said that “to respect public opinion” he would resign from his post, even though Bank Melli was not directly involved in the scandal, which he described as “this vicious phenomenon”………………………………………Full Article: Source