Protests outside a court in Stockholm, Sweden, during the trial of Hamid Nouri. AP
Protests outside a court in Stockholm, Sweden, during the trial of Hamid Nouri. AP
Protests outside a court in Stockholm, Sweden, during the trial of Hamid Nouri. AP
Protests outside a court in Stockholm, Sweden, during the trial of Hamid Nouri. AP

Prison guards ‘celebrated hangings at Iran jail with sweets’


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Former Iranian prison inmates have told a murder trial how their guards celebrated the mass hanging of dissidents by passing around sweets.

Witnesses described the final hours of victims at the trial of Hamid Nouri, a former regime official accused of war crimes and murder following the mass killing of thousands of prisoners at the end of the 1980-1988 Iran-Iraq War.

The trial has moved for several days to Albania at the request of prosecutors to hear evidence from seven exiles who have fled the country. Mr Nouri, 60, who denies the charges against him, has remained in Sweden, where he was arrested in 2019 after flying into the country to visit family.

One former inmate at Iran’s Gohardasht prison, Saheb Jam, said he watched Mr Nouri call out the names of inmates to be taken away for execution.

He “held a box of pastries and offered sweets to prison guards as they passed by”, he told the court, according to a translation of his evidence by an opposition group. “They were celebrating the executions with sweets.”

Mr Nouri has been on trial at the district court in the Swedish capital Stockholm since August in connection with events during the summer of 1998, when he was working as an assistant to prosecutors at the jail in Karaj, near Tehran.

The court will continue to sit in the port city of Durres until November 18 to hear the evidence of the seven, who are members of the People’s Mujahideen of Iran (MEK) group who live in a camp close by. The MEK, which turned on the regime after initially supporting the 1979 revolution, were the main targets of the campaign of executions at prisons across Iran in 1988.

Human rights groups have estimated that 5,000 prisoners were killed across Iran, allegedly under the orders of supreme leader Ayatollah Ruhollah Khomeini in revenge for the group’s support of Iraq during the war.

The prosecution said that Mr Nouri's participation included handing down death sentences, bringing prisoners to the execution chamber and helping prosecutors gather prisoners' names.

Mr Nouri is due to give evidence this month.

Sweden's principle of universal jurisdiction means that its courts can try a person on serious charges such as murder or war crimes regardless of where the alleged offences took place.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: November 16, 2021, 9:15 AM