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Padideh Shandiz

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2015

    Alleged fraud and share-manipulation investigation

    In January 2015, a Mashhad prosecutor accused Padideh Shandiz of fraud involving an alleged value of approximately $34.3 billion. The chairman denied the accusation. The controversy reportedly led to a 20 percent drop in share value and an investigation by Iran's judiciary, amid additional allegations of share manipulation.

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