TEHRAN -- An Iranian court on Saturday convicted the former top officials of the Central Bank of Iran, including former governor Valiollah Seif, over foreign exchange market manipulations six years ago.
Seif, his former deputy Ahmad Araqchi, and his former adviser Salar Aqakhani, were convicted for actions deemed equivalent to the smuggling of foreign exchange. Seif, who directed the Central Bank from 2013 to 2018, was sentenced to 10 years in prison, and Araqchi to eight, in 2021 for mismanaging public funds.