Padideh Shandiz
 | |
| Formerly | Kavoshgaran Saham Investment Company |
|---|---|
| Company type | Private Joint-stock |
| Industry | Restaurants, Tourism and Construction |
| Founded | 6 February 2005 (10 years ago) |
| Founder | Mohsen Pahlavan[1] |
| Headquarters | , |
Area served | Mashhad, Tehran, Kish Island, Shandiz |
| Total assets | 200,000,000,000,000 Rials[1] ($6.3b USD) |
Number of employees | 30,000 (2015)[1] |
| Website | http://www.padide.com |
[2]Padideh Shandiz International Tourism Development Company (known as Padideh Shandiz، پدیده شاندیز) is an Iranian private joint-stock holding company active in restaurants, tourism and construction.[1]
Controversy
The company behaves like a public company by selling stocks despite being a joint-stock. Its share price jumped from 2,000 to 100,000 Rials from 2009 to 2014. In January 2015, a prosecutor in Mashhad accused the company of a "fraud" worth $34.3 billion. Although the allegation was denied by the company's chairman, it resulted to a 20% share price value drop. The company is currently controversially under investigation by Iranian Judiciary.[1] The company is allegedly manipulating the shares.[3]
Advertisements
Padideh uses massive Advertisement on its projects, and is reported to have a ⅓ share in Iranian airports advertisements, as well as paying 5.1% of IRIB income from advertisements.[4]
Padideh Khorasan Football Club
In July 2013 Padideh Shandiz company bought Azadegan League club Mes Sarcheshmeh and renamed it as Padideh Khorasan Football Club.[citation needed]
References
- ^ a b c d e Bozorgmehr, Najmeh (January 26, 2015). "High-profile fraud case rocks Iran". Financial Times. Retrieved March 7, 2015.
- ^ Varis, Autors (2020). "Fòrum de Recerca, 25". doi:10.6035/forumrecerca.2020.25. hdl:10234/187991.
{{cite journal}}: Cite journal requires|journal=(help) - ^ Kamdar, Nazanin (January 6, 2015). "پدیده شاندیز؛ کلاهبرداری به اندازه یک هشتم بودجه کشور". Rooz Online. Archived from the original on April 23, 2019. Retrieved March 7, 2015.
- ^ Omidvar, Venus (January 1, 2015). "پدیده شاندیز، تصويري از يك اقتصاد فاسد". Iran Wire. Retrieved March 7, 2015.
