Iran’s daily: “a Mafia runs our country’s lending system”

In collaboration with high-ranking banking officials they use this information and facilities and provide major loans to their clients who will not be able to pay them back.

CDI: An Iranian conservative daily has said that the country’s mortgage societies and lending banks are run by a Mafia-type organization.

In a report on the increasing number of bad debts to Iran’s major banks the daily Resalat said: “Every year the number of huge bad debts to our country’s banking systems are increasing in many folds but the number of similar major loans and the people who take them remain constantly high.

This can only be interpreted that there is a complex, widespread and underground network of lenders who have penetrated the country’s banking system and have access to very confidential information about loan facilities.

Then in collaboration with high-ranking banking officials they use this information and facilities and provide major loans to their clients who will not be able to pay them back. This means a Mafia-type group of people are running our banks’ lending system”.

The paper has backed its argument by saying that despite the existence of thousands of cases of bad debts related to borrowers, none of the banks involved in the loan agreements has ever filed a single complaint with Iran’s courts of justice.