Money laundering among insiders is the main cause of bank debt
The intertwined labyrinth of large economic enterprises affiliated with the government and other institutionalized powers in the sphere of Iranian politics has provided a flow of rent that is enough for a company or an individual to be able to place himself in that network and use the wide table of various types of bank credits. . This situation has been going on for decades and recently some general information about it has leaked out.
When the deposit interest rate is half of the inflation rate, this transfer of deposits provides thousands of billions of Tomans of windfall profits to the borrowers.
In the published documents related to the non-current claims statistics of Refah Karkaran Bank, it is seen that the payment of 10 thousand billion tomans of facilities to the Social Security Organization in the form of Murabaha bonds, but nothing can be seen from among the arrears and the way of repayment of the claims of this bank from the affiliated organization of its contracting party. Also, this institution owes another 19 billion tomans for the interest belonging to Ali al-Hasab paid for the purchase of Tapico shares from the time of payment until the transfer of shares.
In the statistics of Bank Shahr’s non-current claims, Shiraz Municipality is seen as the biggest super-debtor with thousands of billions of Tomans in non-current claims for 29 items of facilities in the form of loans, temporary debt, civil partnership. Also, after Shiraz Municipality, Mashhad Municipality is in the second place in the list with hundreds of billions of Tomans of debt. Mashhad Municipality has created this debt in exchange for receiving 16 items of facilities in the form of Murabaha, temporary debt and civil partnership. After Mashhad Municipality, Shahr Petroenergy Company has tens of billions of Tomans in non-current arrears, which has created its debts for 5 items of receiving facilities.
After that, Jahan Housing and Construction Company with tens of billions of tomans in debt for 5 items of facilities received, Atiyeh City Investment Company for 4 items of tens of billions of facilities, Sustainable City Construction Company with 5 items of facilities and debt of tens of billions, Shahr Leasing Company with 5 items Received facilities and tens of billions of tomans in non-current arrears, Tehran City Renewal Company with 4 items, deferred facilities and tens of billions of tomans in non-current arrears, Karaj Municipality with 8 items, Atiye Kish Housing and Commercial Development with 4 items, City Development and Renovation with 5 items, company Tamdan Capital Funding with 3 items, Isfahan Municipality with 10 items, Smart City Strategy with 3 items, Tehran Municipality with 4 items, Shahr Exchange Company with 5 items of debt are in the following ranks of Bank Shahr’s debtors of tens of billions of tomans. Qom Municipality, City Industries and Mines Development Group and City Finance Group were among the other debtors included in this list. In the list of super debtors of the central bank, only the name of Kesht and Sanat Karun can be seen.
In the list of debtors of Mellat Bank, like Shahr Bank, most of the debtors are either from the bank’s own shareholders or from the subsidiary companies of this bank’s holdings. Among these companies, which have more than one thousand billion tomans in non-current deferred debt to the bank, we can mention Mellat Partnership Improvement Holding. Bank Mellat construction company also owes about 700 billion tomans to the bank, which makes it the second largest debtor to the bank. Vaspari Mellat company also has more than 189 billion tomans of non-current debt to this bank. Bank Mellat brokerage with a debt of 500 billion tomans, Behdakhet Company with a debt of 200 billion tomans, Bafaq iron and steel mining and industrial complex with a debt of more than 626 billion tomans, Behsazan Farda Smart Technologies with a debt of 531 billion tomans, Moin Mellat Development Investment with debt 724 billion tomans, private investment for the restoration of Mellat with a debt of 134 billion tomans and Yas Arghwani Industrial Engineering Company with a debt of 50 billion tomans are among the companies that are over-debtor to Bank Mellat.
Among the super-debtors of Iran Zamin Bank, the names of two Datam business development companies with more than 18 thousand billion tomans of non-current debt attract attention. By examining the statistics related to this company, we can understand that the last registered capital of this company, which was established in 2009, is 1 million rials, and it is worth paying more attention to why this amount of debt was formed. Jahan Azam Pars is another bank super-debtor related to Iran Zameen Bank, which has more than 158 billion tomans of non-current debt to this bank. In the coming days, “Jahan Sanat” newspaper will provide readers with more details about the amount of registered bank super-debts in the country. However, after a preliminary analysis, it can be concluded that the main bank debtors to the banks are the subsidiaries or associates of the banks, which actually account for a major part of the money creation by the banks in the country, and the main cause of dissatisfaction in liquidity. The sources are banks.