Corruption in Iran Iran has a long history of cronyism and corruption under its monarchies and the Islamic Republic. But the scale of corruption under Mr Ahmadi-Nejad was of a different scale, according to both reform-minded and conservative politicians. As much as $200 billion in petrodollars is believed to have disappeared during the eight years of Mr Ahmadi-Nejad’s rule – or 30 per cent of the country’s total oil revenues of $650 billion, according to estimates by economists and analysts. During his tenure, oil income almost equalled the total earned in Iran since oil was discovered in the country a century ago. Source: Financial Times
Posted on: Sat, 07 Jun 2014 15:21:17 +0000
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