The origins of Resalat Bank are linked to a 6 trillion toman ($600 million) embezzlement scandal.
2021
2019
Aside from the Tasnim News report that names Hosseinzadeh and Vaziri, all other stories on this embezzlement case refrain from naming any co-conspirators.
2019
Resalat Salehin Fund of Kerman is dissolved. Ezatolla Vaziri, later tried for financial corruption, was among its board members.
Resalat Bank experiences cash flow problems.
Resalat Salehin Fund of Tehran dissolved. Board members comprised a number of IRGC/Quds Force officials as well as MMC/Mahan Air executives.
Resalat Bank acquired some of its startup funds from money embezzled from another bank, Tejarat. The main actors in the scandal were Kerman-based individuals and Quds Force–owned companies, according to court documents from 2018.
February 15, 2012
May 31, 2015
2014–15
2014–15
2014–15
Resalat Salehin Fund of Mazandaran dissolved. Ezatolla Vaziri, tried for financial corruption, was among its board members.
June 11, 2015
October 18, 2016
Iran tried former Bank Tejarat of Kerman branch manager Ali Akbar Emaratsaz in connection with a 6 trillion toman embezzlement case and money laundering.
2018
The indictment names Ezatollah Vaziri, then Resalat Bank CEO, and Mohammad Hossein Hosseinzadeh, then Resalat Bank VP, as co-conspirators in the case, Tasnim News reported at the time.
2018
Tejarat Bank reportedly also sued Mahan Air, Samen Credit Institute, and Basijian Qardh al-Hasan fund for involvement in the scheme. Mahan Air was the recipient of some of the cashier’s checks detailed above.
2018
Bank Resalat Embezzlement Case
