Iran stock exchange suspends steel-maker after fraud claims ...Kuwait

The New Arab - News
Iran stock exchange suspends steel-maker after fraud claims
Tehran's stock exchange has suspended Iran's largest steel-maker from trading following a parliamentary report alleging corruption to the tune of $3 billion, local media reported. Trading of the Mobarakeh Steel Company's stocks has been suspended "due to uncertainties about the transparency of information", said the Tehran bourse's chief executive Mahmoud Goudarzi, quoted by the Fars news agency. Trading in the company will not resume "until the necessary information is clearly obtained", he said, according to the news report late Saturday. Located in central Isfahan province, Mobarakeh plays a major role in Iran's economy and is the owner of local football team Sepah

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