Iran businessman hanged for embezzlement

Iran has hanged businessman Mehafarid Amri-Khosravi for his role in the $2.7 billion embezzlement scandal that rocked the sanctions-hit country in 2011. His May 24 execution stirred a variety of reactions, including sympathy, with some even suggesting the timing was related to a letter he recently wrote to Iran’s Supreme Leader Ayatollah Ali Khamenei.

Amir-Khosravi, the primary suspect in the Islamic Republic’s largest embezzlement case ever, was convicted along with 39 other individuals of having a role in the case that is referred to as “the big embezzlement” or the “3,000 billion toman embezzlement.” The case also involved money laundering, forgery and bribery at private and state banks from 2007 to 2010. Three other people were also sentenced to death, according judiciary spokesman Gholam-Hossein Mohseni-Ejei. Other individuals have received sentences ranging from three years to life in prison.