Court Reverses Controversial Privatization of Sugarcane Co

Following years of judicial and legal wrangling over the process leading to the privatization of Haft Tappeh Sugarcane Agro-Industry Company, supervisory bodies reversed the controversial privatization of the giant sugarcane company in south Iran.
The semi-official Fars News Agency reported Saturday that the privatization project was corrupted and blatantly violated the provisions of Principle 44 of the Constitution that provides guidelines on government downsizing and allowing enough space for private enterprise and cooperatives.
Judicial and supervisory bodies, including the General Inspection Organization of Iran, affiliated to the judiciary and  the Supreme Audit Court, affiliated to the parliament, were involved in reexamining the seriously flawed privatization case.