Wednesday 02 November 2011

Fraud Case Rattles Iranian Leader

WSJ -- Iran's Parliament moved against President Mahmoud Ahmadinejad's economy minister over a banking-fraud case, only to back off, in a roller-coaster session that showcased the battle between the president and the country's political establishment.

The $2.6 billion fraud case, the largest in Iran's history, has become a powerful vehicle for rivals of Mr. Ahmadinejad to attack his administration.

Economy Minister Shamseddin Hosseini's survival of an impeachment vote by lawmakers on Tuesday was an uneasy victory for a president who rose to power partly because of his standing against corruption and for clean governance.




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