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Iran arrests a forex market manipulator

10/22/12

Source: Tehran Times

Iranian security and intelligence personnel have arrested a person named Jamshid Besmellah on charges of manipulating the foreign exchange market, First Vice President Mohammad Reza Rahimi announced on Sunday.


A woman passes by a currency exchange shop in Tehran

On Saturday, Rahimi had said that the mentioned person had been setting foreign currency prices in open-market trade.

Speaking to reporters on Saturday, Rahimi also said, "Over the past days, 20 manipulators of the foreign exchange market have been arrested whose names I do not know."

Iran had arrested 16 main suspects on charges of manipulating the foreign exchange market on October 3.

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