Meeting In Iran Descends Into Chaos As Angry Shareholder Attacks Managers

A session of shareholders and managers of Iran’s Day Bank turned into chaos as one of the participants threw objects at the panel that was holding an election for a new board of directors.

The clashes in the Wednesday session were the second time in less than a month that angry shareholders show outburst and attack officials following months of uncertainty and losses in the Iranian stock market, hyped by the government which lured thousands of investors.

In late December, violent clashes were reported when one of the shareholders wanted to disrupt a general assembly session of the stock exchange market in the city of Kerman.

Shareholders have held a number of protestsand also announced plans to hold more demonstrations outside the Securities and Exchange Organization in Tehran to denounce the decline in stock prices and devaluation of their capital.

Earlier on Saturday, TEDPIX, the main index of Tehran Stock Exchange, lost 11,630 points to reach 1.322 million as 4.728 billion securities worth 27.68 trillion rials (about $93 million) were traded.

The drop continued in the following days while many people and analysts attribute the decline to uncertainties about the fate of current nuclear talks between Iran and world powers in Vienna.