The 12th government minister of affairs was sentenced to one year!/ What is the reason for Dezhpasand’s conviction?

According to Tejarat News, after two years have passed since the day when many people saw their capital disappearing in the stock market, now Minister of Economy of the twelfth government who is accused of destroying the capital of many people, has been sentenced to one year in prison.

Quoted from Online economy20 August 1399, is perhaps the most bitter day in the history of Iran’s capital market. The day when the stock market fell the most, and the total index recorded a drop of more than 42% in three months from August 20 to November 20. Although this downward trend actually continued until June of last year and the total index decreased to the range of one million and one hundred thousand units, none of the people of the capital market will forget these three months. The bitter point of the story is that, unlike the overall index, which experienced a 50% drop from its peak in August 2019, many symbols lost more than 80% of their value. Small symbols that formed such a bubble during the stock market crash that they were sold for months and had no buyers.

But this heavy fall of the stock market also had a strange upward rally. A strange rally that made many analysts and people who had the least familiarity with the capital market became masters overnight, introducing golden shares and giving million dollar targets for the total index.

The winter of 1397 can be considered the beginning of the upward trend of the stock market. Where the total index was in the range of 156 thousand units. However, due to the increase in the exchange rate and the inflationary conditions of the Iranian economy in those days, part of the rise of the stock market was logical. But the increase of about 13 times the total index until August 2019 was not consistent with any logic. A strange increase that led to the formation of one of the most severe price bubbles in the market and brought a bitter fall.

The economic team of the 12th government is the main accused

Among the various factors mentioned for the conditions of those stock market days and the historic fall after that, perhaps the main culprit is the economic team of the 12th government. Where these people tried to control a part of the inflammation created by imprisoning liquidity in the stock market with the idea of ​​guiding the wandering liquidity in the turbulent days of the markets.

With this misconception, there wasn’t a day when officials from all walks of life didn’t invite people to invest in the stock market. Just search the phrase “Dezhpasand+Bours” in Google, you will find a lot of colorful interviews of the Minister of Economy of the 12th government, who talks about the value of the stock market. It invites ordinary people to invest in the stock market and ridicules people who warn about the formation of a price bubble.

It was these encouragements that the stock market, which is considered one of the riskiest financial markets not only in Iran but also in the world, was considered as a risk-free market among the people, and ordinary people took a stock exchange code to earn tens and even hundreds of percent monthly profits. And they were buying shares of companies that they didn’t even know what that company was producing!

Locking of many symbols in the buying queue and daily returns of 5% were the result of such an attack on the stock market. Specifically, from the beginning of 2019, every person who came to the stock market had a dream of 5% daily profit and becoming a millionaire. A dream that not only did not become a reality, but the small capital of ordinary people was lost in the summer of 2019.

Now, after more than two years have passed since the bitter day of the capital market, some news indicate that Farhad Dezhpasand, the Minister of Economy of the 12th government and perhaps the main suspect of the stock market bubble of 2019 and the destruction of the capital of many people who did not even know before that There is a market called Bors, he was sentenced to one year.