Monday, 1 November 2021 (YJC)_ A senior Bahraini prosecutor announced that the Supreme Court of Appeals had upheld the verdict against Al-Mustaqbal Bank and some Iranian banks, and explained the verdicts and fines imposed.
The Supreme Court of Appeals upheld the verdict of the Court of First Instance on the conviction of the Central Bank of Iran and a number of other Iranian banks, the Future Bank of Bahrain and six other officials, said Bahrain Bualai, a senior Bahraini prosecutor.
According to Bahrain's official Bana news agency, he said all the defendants in the case had been convicted. Al-Mustaqbal Bank officials were sentenced to two years in prison, except for defendant number six, whose sentence is five years. Each was fined one million Bahraini dinars.
Boualai added that the Central Bank of Iran and other Iranian banks were also fined one million Bahraini dinars each. Remittances worth $ 148 million, $ 967.9 million, 53.3 million UAE dirhams and 235 billion Iranian rials were also seized.