Azerbaijan, Baku, Jun.26/ Trend F.Milad/
Iranian Central Bank Governor Mahmoud Bahmani said that supervision on performances of bank branches will be intensified through employing one inspector for five branches, IRNA reported.
Bahmani said that internal audits will be also increased at each branch.
The biggest fraud in the 32-year history of the Islamic Republic revolves around forged documents allegedly used by the directors of the Amir Mansour Aria Investment Company to secure loans totaling $2.6 billion to buy state-owned companies under the government's privatization scheme.
Seven banks, including Bank Saderat - a large, partly privatized company - have been implicated in the scandal which began in 2007 but only came to light last September, according to Reuters.
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