President Hassan Rouhani accept mass resignation of executives on top Iran fund


This file photo shows Managing
Director of the National Development Fund Safdar Hosseini (3rd R)
meeting with a group of provincial governors in Tehran.

President has
accepted the mass resignation of those on the board of trustees of
’s sovereign wealth fund as revelations about high compensation
packages at state-owned firms take new casualties. 

ago, the board of trustees of the National Development Fund held a
session with President Rouhani in attendance, where the mass resignation
of the director and executive board members was accepted,” the Fars
agency said Saturday.
Several senior officials, including
ministers of , petroleum and labor, as well as the country’s
attorney general also attended the session, the news agency reported.
those who stepped down on Saturday was Safdar Hosseini, the managing
director of the National Development Fund, who is said to have received
$18,700 a month in salary and other compensation.
Minister of
Economic Affairs and Finance Ali Tayebnia had already removed the heads
of Mellat, Bank Saderat, Refah Bank and Mehr banks for receiving
“unconventionally” high salaries.
The head of another bank is also
to be fired, but the decision has been delayed for “further review,”
the IRNA news agency said on Thursday.
Those implicated in the
paycheck palaver are accused of receiving large bonuses, interest-free
loans and, in some cases, tax evasion.
Investigations were
launched after Leader of the Islamic Revolution Ayatollah Seyyed Ali
Khamenei called for immediate action amid reports that executives at
some state-owned firms were earning more than 50 times the base
government salary.
Iranian law states that the top salary in the
government should not be more than seven times that of the lowest-paid
government employee.
The paycheck leaks showed some senior
managers at a company were paid up to 870 million rials ($28,339 at the
official exchange rate) in March.
Rouhani has pledged to investigate and punish government employees receiving excessive salaries.
government has made weeding out corruption a top goal. In March,
Iranian tycoon Babak Zanjani was sentenced to death over fraudulently
pocketing $2.8 billion.

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