A group of victims of the Caspian Credit Financial Institution gathered in front of the Financial and Monetary Crimes Prosecutor's Office in Tehran.
At the rally, which was held on Saturday, May 12, participants symbolically executed an effigy of the Central Bank governor in protest against the issuance of a license to Caspian Institute without review by the Central Bank and the lack of oversight.
Previously, at gatherings of those who lost their money at financial institutions in Iran, harsh slogans were chanted against President Hassan Rouhani and some members of the government.
Protesters announced on Saturday that they have not yet received their deposits, 18 months after they were promised.
Protests against a number of financial institutions for not returning people's deposits have been ongoing for the past year.
In recent years, a number of financial institutions have attracted citizens' savings with the promise of high profits, but have subsequently been unable to pay interest or even the principal. These institutions have faced legal action and the Central Bank, but it has taken a long time to settle their accounts.
Although government officials have announced that the repayment of deposits from these institutions will be made gradually, depositors have announced in numerous protest rallies that they have not received their money.
On the other hand, Islamic Republic officials have not provided a specific explanation about how these institutions were formed and the people who founded them.
Source: Voice of America
