IRAN: Protesters Demand Their Deposits from IRGC-Affiliated Credit Institution


Iran-demonstration-400Hundreds of people who have not been able to withdraw their deposits from Caspian credit institution staged a protest gathering outside the regime’s judiciary office in the capital, Tehran, chanting angry slogans, on Sunday, August 20.


The protesters were shouting “Death to Seif”, referring to the Central Bank governor, Valiollah Seif.

During recent months, there have been many similar protests against Caspian credit institution in other cities, as well.

On Sunday, protestors also gathered outside a branch of the institution in city of Neyshabur in north-eastern Iran.

Similar protest also held on Saturday, 19 August, in city of Rasht.

The defunct IRGC backed Caspian Credit Institute, founded in 1990s claiming to be a local low-interest-rate loan fund, attracted thousands of investors by paying higher interest rates but later failed to fulfil its promises.

There are hundreds of similar funds are active across Iran but the regime has failed to regulate them.

The foremost demand of the protesters is to take back their money siphoned off by the IRGC-aligned institution.

Many people across the country had trusted Caspian credit institution enough to decide to invest there, as its name had been listed in Central Bank’s official website as an authorized institution. Therefore, investors say that they can no longer trust the Central Bank.

ICFTO Newsletter



Please consider supporting our efforts.


Online conference on Iran's 1988 massacre

Online conference on Iran's 1988 massacre

Ex-Tehran University President urges Iran’s youths to protest against dictatorship

Dr. Mohammad Maleki, the first Chancellor of the University of Tehran following the 1979 revolution and a former Iranian political prisoner, has from his home in Tehran sent a message to the youths in Iran to “rise up and protest” against the mullahs’ regime in Iran.

Maryam Rajavi's Speech at conference with British MPs

Iran regime broadcasts video to recruit children for Syria war

The Iranian regime, has embarked on a new propaganda campaign to encourage children to join the war in Syria.


Iran regime airs propaganda clip to recruit Afghans to fight in Syria

Iran regime airs propaganda clip to recruit Afghans to fight in Syria

Maryam Rajavi meets UK Church Leaders

Maryam Rajavi meets with two UK Church leaders, Bishops John Pritchard & Adrian Newman

Priests Meet Maryam Rajavi