Following the repeated warnings about widespread and organized violations by CEO Alireza Belgouri and Nima Mohammadi, Vice President of Credits and International of Eqtesad Novin Bank, it is now time to hold the general assembly of this bank.

Today, I am publishing another part of the violations prepared by the regulatory bodies and its authenticity verified for Abdi Media for your information.

Until today, the central bank, especially its supervisory deputy, as well as the general director of security of the central bank and the minister of economy, did not even pay attention to these reports of the higher supervisory institutions.

This is where the power struggle over the assets of the Iranian nation becomes clear.

And the report:

Considering that granting facilities to holding and investment companies at the time of prohibition according to Circular No. 92/260140 dated November 25, 2013, granting facilities to holding companies whose main activity is company management is prohibited and for financial investment companies also only for the purpose of Implementation of production projects is possible.

In order to increase the balance of its facilities, Eqtesad Novin Bank has granted large facilities to several holdings, examples of which are Persian Gulf Holding, Tapico, Tadbir Economic Development Group, Tadbir Investment Group, Tadbir Energy Development Group, Iranian Investment Group and... pointed out.

Lack of adequate monitoring of facility consumption

In Eqtesad Novin Bank, the monitoring of payment facility expenses has not been done properly. And in many companies, especially investment companies, facilities are allocated for the purchase of shares, one of the examples of which can be mentioned in Toka Development Company, where the issue of using the facilities is specified in the company's credit approval for the purchase of goods and hardware. While the facility is allocated to the purchase of shares in the capital market, or in the case of Gachsaran Petrochemical Company, the facility is allocated to the purchase of machinery and project implementation costs. While in some of the facilities granted to that company, it was only to settle the profit of the previous facility, and the bank's customer settled his previous facility by withdrawing money from his accounts and returning it again.

Non-receipt of installments of Murabaha facilities according to Central Bank's circulars

In an action against the regulations, by creating a new form called Murabaha facility agreement with unequal installments, BankEqtesad Novin collects interest in quarterly periods from its customers by justifying the granting of facilities with unequal installments. This is despite the fact that according to the current procedures, any payment of installments from customers should be done in the form of sharing between the principal and interest of the facility.

Failure to receive the principal of the facility on its due date and its settlement through the renewal of the facility without following the instructions

A major part of that bank's facilities, including payment facilities for plans and projects and working capital, are settled at maturity without receiving claims through the renewal of facilities.

Receiving cash collateral despite its prohibition based on the central bank's circular

Not only did Eqtesad Novin Bank not pay attention to complying with the above directive, but in a clear violation, since the beginning of this year, it has increased the liquidity guarantee for its regular customers from 20-25% and for some of its corporate customers to 22%.

While re-warning the regulatory bodies regarding the corruption case of this bank's managers, I am once again providing the link to the articles written about this below for easier access.

The failure of the central bank and regulatory bodies to deal with the managers of this bank is a serious and regrettable question. Also, the support of the Ministry of Economy and the relatives of the first vice president and the direct compliance of the central bank managers to this CEO who brought this terrible disaster to this bank can create a big disaster in the country's banking system and economy.