'King of gold coin' and his accomplice hanged in Iran
Two foreign currency and gold coin dealers were hanged in Iran today on charges of pushing up prices in the open market.
The Islamic Revolutionary Court executed Vahid Mazloumin and his 'accomplice' Mohammad Esmaeil Ghasemi this morning. They were charged with "disrupting the economic, foreign currency and monetary system" through "illegal deals and massive smugglings of foreign currencies and gold coins," the FT reported.
Mazloumin, dubbed in domestic media as 'the king of gold coin' was arrested along with about a dozen others earlier this year. They allegedly created huge fluctuations in the foreign currency and gold coin markets through speculations and futures which helped them earn hefty profits. They were also accused of smuggling out the country’s financial resources.