Ali Alqasi, the Chief of Tehran Judiciary, says a major bank debtor has agreed to repay his debt.
Ali Alqasi, the Chief of Tehran Judiciary, states that a major bank debtor with a debt of 30 trillion Tomans has agreed to return less than half of his debt by introducing assets to the Iranian banking network.
This official of the judiciary has not disclosed the name of this individual, but has announced that the agreed amount to be returned is 12 trillion Tomans.
Mr. Alqasi considers this as one of the measures by the judiciary to recover the assets of banks and large bank facilities by influential and well-connected individuals.
He has declared some of the large loan holders as owners of production units and has mentioned other cases, including another individual who owed more than 6 trillion Tomans to two banks.
In Iran, bank debtors fall into two categories; a group that receives loans from banks for industrial and production projects but, for various reasons, cannot repay their loans.
The Hamshahri newspaper reported in this year’s Farvardin that, based on Central Bank statistics, Iranian banks have become major debtors by lending to themselves.