The head of the Tehran Province Judiciary has stated that a major bank debtor has agreed to pay off their debt.
Ali Alqasi, the head of the Tehran Province Judiciary, says that a major bank debtor, who owed 30 trillion tomans, has agreed to return less than half of their debt by introducing assets to the Iranian banking network.
This judiciary official has not named the individual but has announced that the agreed amount to be returned is 12 trillion tomans.
Mr. Alqasi considers this part of the judiciary’s efforts to recover bank assets and large-scale bank loans from influential and significant individuals.
He has declared some holders of large loans 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, there are two categories of bank debtors: those who take loans from banks for industrial and production projects but, for various reasons, cannot repay their loans.
The Ham-Mihan newspaper reported in April of this year, based on Central Bank statistics, that Iranian banks have turned into major bank debtors by lending to themselves.