Title: Central Depository Warns Justice Shareholders of Fraudulent Schemes, Outlines Official Procedures
In a bid to protect citizens and ensure the integrity of a key national initiative, Iran’s Central Securities Depository and Clearing House (known by its Persian acronym SAMAN) has issued a crucial advisory for beneficiaries of the Justice Shares program.
The depository explicitly addressed widespread rumors circulating online regarding an increase in dividend amounts or changes to their distribution schedule. It clarified that the exact dividend amount and its distribution date will be determined and announced only after the calculations are finalized by the listed companies in the Justice Shares portfolio. Beneficiaries were urged not to fall for the misinformation campaigns orchestrated by online fraudsters.
Vigilance Against Digital Fraud
The official notice emphasized that under no circumstances will the depository initiate contact with shareholders via SMS, links, or unsolicited phone calls concerning their Justice Shares or any related services. Shareholders were strongly advised to remain highly vigilant.
“The basis should be that any link, text message, or call received regarding Justice Shares is fraudulent and malicious,” the statement read. Beneficiaries were warned against clicking on unknown links or providing personal information to suspicious individuals.
Official Channels for Information
The depository directed all beneficiaries to rely solely on official sources for any news concerning the timing and method of dividend payments. The only authoritative sources for this information are the Central Depository’s official website (www.csdiran.ir) and other official news outlets.
How to Receive Dividends
For those who have not yet completed the process to receive their dividends, the depository outlined the official procedure. Beneficiaries must register and verify their identity on the Comprehensive Client Information System (www.Sejam.ir) or enter a valid Shaba number (Iran’s standard bank account number) on the dedicated website Sahamedalat.ir.
The notice also listed six common reasons for failed dividend transfers, including an incorrect Shaba number, having a joint bank account, a dormant account, a long-term deposit account, a blocked account, or a foreign currency account.
Political Support for the Justice Shares Program
The news coincides with significant political discussions in Tehran regarding the future of the program. Member of Parliament and member of the Economic Commission, Ruhollah Izadkhah, spoke strongly in favor of strengthening the program’s cooperative foundations.
In discussions with the Minister of Economic Affairs and Finance, Izadkhah emphasized that “Justice Shares represent a great capacity and opportunity that must not be wasted.” He criticized moves within certain government bodies to dissolve the Justice Shares cooperatives, labeling it a “very wrong” approach.
“Instead of weakening the institution of Justice Shares, these cooperatives should be strengthened,” Izadkhah stated. He proposed enhancing the management quality of these cooperatives through defined qualifications and training for board members.
Izadkhah highlighted the potential for provincial investment companies, powered by the accumulated capital of Justice Shares, to undertake major developmental projects, such as the East Railway, offering long-term benefits to shareholders. He firmly opposed the idea of auctioning the shares on the stock exchange, warning that it could risk replacing a state monopoly with an oligarchic one, contrary to the program’s goal of fostering a “people’s economy.”
He expressed hope that the High Council of the Stock Exchange would make decisions in the interest of the national economy and the public, adding that the parliament stands ready to address any legal shortcomings to safeguard this valuable public economic experience.