Jahangiri: It is not known where $100B of the Government’s revenue was spent

[original article in VOA]

Along with the announcement of pursuing the previous government’s violations, the First Vice President, Eshaq Jahangiri, announced that $100B in revenue from former President Mahmoud Ahmadinejad’s government has disappeared.

On June 9th, Jahangiri said that “in the past, companies and factories were awarded $100B based on Article 44 [of the constitution]; however it is not clear where this money was spent, and no one has or is willing to investigate.” Since 1995, after the Supreme Leader’s new interpretation of Article 44 of the constitution, large state-own industries and companies have been transitioned into the private sector.

The transaction of those companies prompted some criticism: the buyers of those companies and factories are government sub-sectors and the actual privatization has not been done. For example, the purchase of stocks of companies that are affiliated with telecommunication companies, who they are affiliated with the Iranian Revolutionary Guard.

Most recently, the First Vice President of Iran has stated that it is unclear where the money from these transactions has been spent. On the other hand, on June 9th, Rouhani’s spokesman, in response to a question about Hamid Baghaee’s (Mahmood Ahmadinejad’s executive assistant) arrest, stated that the previous government’s violations are being pursued, but with no media coverage.

Mohammad Bagher Nobakht (government spokesman) said: “in regards to pursuing violations or illegal activities which occurred under the previous government, I shall say that with the work and documents the government had it did observe some violations of the law…the Vice President of Legal Affairs (Elham Aminzadeh) filed those violations in court.

According to the government spokesman, Iran’s judiciary is working on these cases based on the files from the current government and the cases which were filed before [the current government], against the previous government.

On June 8th it was announced that Hamid Baghaee, Mahmoud Ahmadinejad’s Executive Assistant has been arrested. Before him, Mohammad Reza Rahimi former Vice President was sentenced to prison on charges of corruption.


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