Bank Sepah’s CEO Wednesday said the bank’s biggest debtor has been detained by the police after nine years on the run. Mohammad Kazem Choghazardi said the suspect owed the bank 1.5 trillion rials ($48.4 million), banker.ir quoted him as saying. “Bank Sepah staff located his hideout in Qazvin Province and the police arrested him last week,” he said. No further details were available.
