Iranian former minister detained in Germany over USD 70-million check
Iranian Former Finance Minister Tahmasb Mazaheri approved the incorporation of an Iran-Venezuela bank in 2008
According to information released on the Sunday edition of daily newspaper Bild, customs authorities found the check in Mazaheri's luggage, AP cited.
Mazaheri, who is also the former chairman of the Central Bank of Iran, explained that the check was intended to fund the construction of 10,000 homes to be built by Venezuela.
The former official is likely to face charges for tax evasion. According to Bild, the German police and customs authorities are also investigating whether this is a money laundering case.
In 2008, an Iran-Venezuela bank, called Banco Internacional de Desarrollo, C.A., was set up upon the approval of the Venezuelan government. The incorporation of the bank was been preliminarily approved by Tahmasb Mazaheri acting in his capacity as head of the Central Bank of Iran.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.