71644
SKI’s Shareholders Stage Another Protest
SKI’s Shareholders Stage Another Protest

SKI’s Shareholders Stage Another Protest

SKI’s Shareholders Stage Another Protest

For the second time this year, a group of shareholders of Electricity Meter Manufacturing Company staged a protest in front of the building of Tehran Stock Exchange on Saturday morning. The protestors held up placards and called for judicial action in what is said to be a financial fraud case, Bourse Press reported. The company, also known as SKI, has had its shares at TSE frozen for a year now over what market officials describe as publishing false financial reports. SKI’s promised growth had caused its shares to soar over the past few months and eventually drop and freeze, as allegations of fraud spread among investors. According to TSE’s deputy head, Ali Sahraei, SKI’s Managing Director Seyyed Ali Ameli is currently behind bars and the company’s case has been referred to the court.SKI’s shareholders held their first protest back on July 2 when they brought trading to a halt for a few hours and only left after police intervened.

Short URL : https://goo.gl/CXLcYa
  1. https://goo.gl/kKHydM
  • https://goo.gl/b4yAZM
  • https://goo.gl/hab3dw
  • https://goo.gl/9E6Vt5
  • https://goo.gl/vuaf5b

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
Iran Slips 1 Spot in WEF's Global Competitiveness Index
The World Economic Forum’s “Global Competitiveness Report 2018...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus