Ardy Khavari: Son of former banker businessman in Canada

In 2011, Khavari resigned from his position at Bank Melli amid allegations of being involved in the Iranian embezzlement scandal of roughly 2.6 billion dollars.The scandal involved using forged documents to fraudulently buy assets that included major state-owned companies; Bank Melli, which Khavari led as its chairman of the board and managing director, was accused of facilitating fraudulent payments. Khavari shortly after went to United Kingdom in order to attend a meeting at Lloyd Bank and announced his resignation by faxing it to Iranian officials on Tuesday, September 27, 2011.