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Systemic Corruption and Economic Collapse in Iran - Iran News Update

Summary by Iran News Update
Majidreza Hariri, the head of the Iran-China Chamber of Commerce, has openly acknowledged the pervasive corruption within Iran’s economic system, warning of its catastrophic consequences. Speaking in an interview, he revealed that $25 billion is smuggled out of the country annually and likened the economy to a sinking ship: “If we don’t close the holes in this ship of corruption, we will all sink.” Hariri highlighted that capital outflows have b…
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Iran News UpdateIran News Update

Systemic Corruption and Economic Collapse in Iran - Iran News Update

Majidreza Hariri, the head of the Iran-China Chamber of Commerce, has openly acknowledged the pervasive corruption within Iran’s economic system, warning of its catastrophic consequences. Speaking in an interview, he revealed that $25 billion is smuggled out of the country annually and likened the economy to a sinking ship: “If we don’t close the holes in this ship of corruption, we will all sink.” Hariri highlighted that capital outflows have b…

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Iran FocusIran Focus

Systemic Corruption Sinking the Iranian Regime’s Ship

In a rare admission that reflects the depth of Iran’s economic collapse and political unrest, Majid-Reza Hariri, head of the Iran-China Chamber of Commerce, exposed unprecedented levels of financial corruption and organized smuggling within state institutions. He warned that the “’Iranian ship”’ is on the verge of sinking unless the many holes of corruption are urgently sealed. According to his candid statements, Iran is witnessing an annual cap…

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Iran Focus broke the news in on Thursday, March 27, 2025.
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