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Utah Plane in Iran is a Mystery for Bank of Utah

Apr 19 2014, 7:48am CDT | by , in News | Other Stuff

Utah Plane in Iran is a Mystery
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A Utah plane landed in Iran recently which in itself was a shock. But the even bigger mystery is that its very presence in that region is something unknown to the parent company, Bank of Utah.

While the US government has not given a blank check to Iran despite the nuclear agreements, something very strange occurred recently. An airplane belonging to the Bank of Utah was spotted parked at Mehrabad Airport and the head of the company had no idea why it had ended up there. 

And add to that the fact that very few American and European businesses are allowed to ply their trade in the theocratic state of Iran and you have a case of suspicion multiplied several times. 

The Bank of Utah aircraft was labeled VIP in status. This was the only piece of information that came out of the mouths of the Iranian Airport authorities. 

According to NYTimes, “Iranian officials also declined to comment on the purpose of the plane’s visit or passengers’ identities. A spokesman for Iran’s United Nations mission in New York, Hamid Babaei, said: 'We don’t have any information in this regard. I refer you to the owner.'”

Usually if a Western plane has to land on Iranian soil prior permission is required. And the presence of a plane from a financial institution in Iran, which is usually an outcast in the global economic system, is all the more reason for surprise. 

While the head of the Bank of Utah did not disclose the investors involved in the plane shipment, since it was against company ethics and policy, he did say that if there was any hanky-panky involved, he would personally deal with it. 

The bank does not allow any shady dealings. And the US government too will be looking into the matter soon enough because any wrongdoing on the part of the bank must be brought to light and punished. 

Be it the highest authority, ultimately rules are rules and the law is the law. Even if a president does something unethical (the late Richard Nixon is a prime example) there will be consequences, so a bank that plays around with money through creative accounting is not to be allowed any leeway. 

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