TEHRAN – Iran has executed a currency trader for manipulating coin andcurrency markets, local media reported on Wednesday.
Vahid Mazloumin, known as ‘Sultan of Coins’, and another member of hiscurrency trading network received the death penalty for “spreadingcorruption on earth”, the Tehran Times reported.
They were put to death after the Supreme Court upheld their death sentencesand the legal processes were completed, Tasnim reported.
Mazloumin, 58, known as the “sultan of coins” was arrested in July forhoarding two tons of gold coins over a ten-month period and several oftheir accomplices have been jailed.
Mazloumin was one of at least seven people handed death sentences this yearin trials in the new finance-focused special courts, some of which werebroadcast live on state television.