Domestic Economy

IPO Ex-Chief Gets 15 Yrs. in Prison

IPO Ex-Chief Gets 15 Yrs. in Prison
IPO Ex-Chief Gets 15 Yrs. in Prison

Mir Ali Ashraf Abdollah Pouri-Hosseini, former deputy economy minister and chairman of Iranian Privatization Organization, has been sentenced to 15 years in prison for “failing to meet the formal requirements of the privatization processes during his time in office”.
The 200-page criminal charge sheet issued by Tehran Criminal Court against him says a number of privatization deals reached on his watch were handed over to people without due process and state-owned companies were sold to incompetent or inefficient individuals. 
Pouri-Hosseini resigned from IPO on Aug. 14, 2019.    
Minister of Economic Affairs and Finance Farhad Dejpasand appointed Hassan-Ali Qanbari-Maman earlier this week as the new head of Iranian Privatization Organization. 
He will replace Alireza Saleh who took the helm of IPO in September 2019 and resigned in November 2020, IRNA reported. 
The new appointee holds a PhD in economics and is a member of Economics and Political Sciences Department of Shahid Beheshti University. He has formerly worked as the managing director of Omid Investment Management Group Company and Bank Sepah. 
Hassan Alaei was the caretaker of the organization since Saleh’s resignation.

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