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National Development Fund

National Development Fund latest

Investigations were launched amid reports that executives at some state-owned firms were earning more than 50 times the base government salary. (File photo)
July 3rd, 2016 - 10:00 GMT

Mass resignations at Iran's sovereign wealth fund after 'fat cat' salary investigations

Iran's President has accepted the resignations of senior board members of the National Development Fund after reports circulated of 'unconventionally high' salaries at state-owned firms.
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