Iran arrests 12 for embezzling billions of dollars

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According to media reports, Iranian authorities have arrested 12 people for syphoning off more than $4.5 billion (3.6 billion euros) from one of the country's main banks over several years. The reports come amid government vows to clamp down on corruption in a bid to revive an economy devastated by decades of international sanctions.

Read the story by Agence France-Presse. http://news.yahoo.com/iran-arrests-12-embezzling-billions-dollars-161022419.html

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