Iraq News - Local News - Baghdadpost

IRGC's graft sparks outrage across Iran

Iranians protest IRGC plunder
Protests are growing across Iran after Caspian, a financial institution affiliated with the IRGC, embezzled money deposited by the citizens in 35 provinces.

The Iranians deposited these bulk amounts of money for buying residential apartments.

The protests, which started on May 22nd, have spilled over into several major cities in recent years including Mashhad, Ahwaz, Abadan, Khorramshahr, Bushehr, Zahedan, Rafsanjan and other cities.

The foremost demand of the protesters is to take back their money siphoned off by the IRGC-aligned institution.

Nine months after attaining a license from the Central Bank, the institution embezzled the citizens' deposits and profits.

The amount of the embezzled money is not known.

As the enraged people marched on the streets of Tehran , they clashed with the police forces deployed there.

They chanted angry slogans, condemning the IRGC and Central Bank.

Angry people broke windows of the bank's northern door and blocked Mirdamad Ave. They chanted, "It is a mourning day today, our deposits are gone", "Incompetent government, shame, shame!", "Down with Saif [head of Bank Markazi], "Caspian has stolen, Bank Markazi has supported". 

Women had a significant presence in demonstrations.

In Ahvaz, protesters blocked Ahvaz-Shoush road. In Khorramabad, they blocked Alavi and Enghelab avenues and Bank intersection, and surrounded the governor's building. They intended to enter the building but were attacked by anti-riot forces.

Then, they rallied toward Bank intersection while chanting "Death to the Governor". 

Some of plundered people broke Arman cooperation branch windows. Protest gatherings continued in Boroujerd, Aligoudarz, Alashtar, Nourabad, Azna, and others.

On May 27th, angry people in Babol chanted: "incompetent manager, resign, resign! You the financially corrupt gave the permission", "this is corruption nest, and Saif has given permission “,” Down with Caspian".