by Rhonda spivak, October 19, 2011

The Canadian-Iranian blogger “Winston,” who writes at The Spirit of Man website, drew attention to this important story.

About three weeks ago, the news broke in the Iranian press of an embezzlement scandal. Three billion dollars went missing from an Iranian bank, the largest single instance of embezzlement in a regime where graft is commonplace.

Mahmoud Reza Khavari, the managing director of Bank Melli, has fled to Canada. The Washington Post provides further context regarding the scope of the embezzlement, those involved, and how they link into other Iranian political scandals.

As Michal Rubin, writing in Commentary Magazine has said, what the Washington Post does not mention is that Bank Melli has been involved in the transfer of funds to Hamas, Palestinian Islamic Jihad, and Hezbollah through the Qods Force, as well as Iran’s nuclear program. Bank Melli was among the Iranian financial institutions which the U.S. Treasury Department sanctioned in 2007.

The Globe and Mail, reported that Khavari, who resigned amid this "massive embezzlement scandal, one that has soured the political fortunes of President Mahmoud Ahmadinejad, is reported to be in the Toronto area – where a $3-million home is owned in his name."

"The scandal is described as the biggest fraud in that country’s history. The amounts of money involved exceed even the $2-billion loss the Swiss bank UBS recently sustained due to a rogue trader."

The article in the Globe and Mail gives a lot of background and is worth a read http://www.theglobeandmail.com/news/national/banker-in-iran-scandal-said-to-be-in-toronto/article2187315/.

The question that pro-democracy Canadian Iranians, and many others, have been asking is why it is that Khavari has been allowed to live in Canada when it is very clear that he has been linked ot the Iranian teroro machine.

As Sayeh Hassan, a Canadian Iranian lawyer told the Winnipeg Jewis Review on October 18, 2011

"Basically he [Khavari] was the head of Melli Bank in Iran which is the largest bank in Iran and has been sanctioned by US as well as UN for funding nuclear programs and funding terrorist organizations like Hamas. Obviously since he was the head of the bank, one can only suspect his involvement...It's been all over the news lately and the Canadian Gov. refuses to make any comment. As concerned Canadians we musturge theCanadian Government to re-open Khavari's immigration file, revoke his [Canadian] citizenship and freeze all his assets in Canada.

Hassan adds, "High ranking individuals within the dictatorship's regime should not be allowed to use Canada as a safe haven."

Hassan has made a video report in front of Khavari's home in Toronto. To go to the English section, start the video at the 5 minute http://www.youtube.com/watch?v=vYK2BWg_hFs


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