Male and female car dealers are sentenced to death in Iran for dropping motorists at high prices
- Vahid Behzadi and Najva Lashidaei, both in their forties, are sentenced to death
- Convicted of disrupting the country’s car prices by storing thousands of vehicles
- On a per-pair schedule, they collected 6,700 vehicles from the automaker Sapia
A car dealer called the ‘Auto King’ and his wife have been sentenced to death in Iran for manipulating the country’s car prices by hoarding thousands of vehicles.
Vahid Behzadi and Najva Lashidaei, both in their forties, were also convicted of money laundering and disruption of the foreign exchange market by hoarding gold, before the Islamic Republic’s Special Corruption Court on Tuesday.
Under a plan devised by the duo, they collected 6,700 vehicles from Sapia, a Tehran-based manufacturer, in an effort to raise car prices, reports The times.
Aerial view of Tehran against the backdrop of mountains in the north of the capital, bisected by the Modaress highway (file photo)
The couple also turned out to have stored 24,700 coins and 100 kg of gold in their house.
They must not appeal against their death sentence.
Thirty-two others were also sentenced after the trial, including Iranian parliamentary representatives Fereydoun Ahmadi and Mohammad Azizi, both of whom were sentenced to five years in prison.
Mehdi Jamali, the former CEO of Sapia, was sentenced to seven years in prison for his part in automatic market manipulation.
As the economy weakened and the Iranian currency, the rial, plummeted, massive gold purchases and hoarding increased. Iranian police guard (file photo)
The Islamic Republic’s Special Corruption Court was created to deter criminal economic activity in 2018, which saw a spike after U.S. sanctions were imposed on trade against Iran.
As the economy weakened and the Iranian currency, the rial, plummeted, massive gold reserves rose, further damaging the economy.
This month, the price of gold, a safe haven that investors use to protect themselves from losses in a turbulent market, reached a record high – driven by instability in the Middle East.
Iran claims it executed 80 people in the past year, human rights organizations claim the number is closer to 280, Iran reports The times.