TEHRAN – Head of the Islamic Revolution Court said on Saturday that Mahmoud Reza Khavari, a former banker involved in the 2011 massive fraud, has been sentenced to long-term imprisonment.

Mousa Qazanfar Abadi said Khavari was tried in absentia on November 21 and was found guilty of disrupting the economic, monetary and banking system, Mehr reported.

Khavari was chairman of Bank Melli Iran until September 2011 and chairman of Bank Sepah’s board of directors from December 2003 until March 2005.

He is wanted by the judicial authorities. As of October 2016, Khavari has been wanted by Interpol.

Khavari, an accomplice in the $2.7 billion fraud scandal, fled to Toronto in 2011. So far Canada has refused to repatriate him.
 
MH/PA