Judiciary Chief reveals concerning misconduct in the case of Ayandeh Bank

Speaking yesterday before a gathering of university students in Ilam Province, Judiciary Chief Mohseni Eje’i addressed various student concerns — one of the most pressing being the uncertain fate of Ayandeh Bank.

In his response, Mohseni Eje’i pointed to what he described as a “noteworthy case of misconduct”, explaining that several years ago, Central Bank officials obtained special legal powers from the Supreme Council for Economic Coordination of the Heads of Branches of Power. However, instead of reducing the bank’s losses through corrective measures, they presided over a period in which those losses multiplied several times within seven years.

He stated: “For seven years now, the members of the board of directors and the CEO of Ayandeh Bank have been appointed and dismissed under the direction of the Central Bank — yet the bank’s accumulated losses have only continued to increase.”

According to Mohseni Eje’i, Central Bank officials previously obtained exclusive authority from the Supreme Council for Economic Coordination concerning Ayandeh Bank, allowing them to appoint board members and the CEO directly, effectively stripping shareholders of their decision-making rights.

He continued: “After receiving these special powers, the appointed management team increased the bank’s accumulated losses — which had already reached 50 trillion tomans about seven years ago — to several times that amount.”

The Judiciary Chief questioned the results of these years of Central Bank control, remarking: “Did the situation of the bank improve after these appointments? What we see now is that the bank’s condition has become several times worse.”