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Protests of Investors of Rezaat Khodro in Front of Judiciary; Continued Strike of Gold Sellers in Several Cities

Feb 4, 2026 February 4, 2026 4 min read 📰 VOA Persian
📋 Key Takeaway

Protests erupted in Iran as investors of Rezaat Khodro gathered in front of the Judiciary, demanding accountability for lost investments, while gold sellers continued their strike in response to new tax laws and economic pressures. These events reflect growing discontent over economic conditions and government policies.

🔍 Quick Context Guide
💡 Bottom Line: Iran faces mounting economic protests as citizens demand accountability and relief from worsening economic conditions.

👥 Key Players

Mohammad Reza Ghafari MENTIONED
Owner and manager of Rezaat Khodro Taravat Novin
"Central figure in a major fraud case involving the loss of assets for thousands of investors."
Hossein Rajabi MENTIONED
Prosecutor of Qazvin
"Involved in the legal proceedings against Rezaat Khodro, highlighting the scale of the fraud."
Nader Badrahshan MENTIONED
Head of the union of gold manufacturers and sellers in Tehran
"Represents the interests of gold sellers who are striking against new tax laws."
Youssef Taghizadegan MENTIONED
Head of the gold sellers' union in Mashhad
"Voiced concerns over the closure of gold shops, indicating government pressure."

📰 What Happened

Protests erupted in Iran as investors of Rezaat Khodro gathered in front of the Judiciary demanding accountability for lost investments, while gold sellers continued their strike against new tax laws. These events reflect growing discontent over economic conditions and government policies.

  • Investors of Rezaat Khodro are protesting due to a major fraud case involving over 12 trillion tomans.
  • Gold sellers are striking in response to new tax laws and economic pressures, closing shops in several cities.

💡 Why It Matters

🇮🇷 For Iran: These protests underscore the growing economic dissatisfaction among Iranian citizens and the challenges facing the government in addressing economic grievances.
🌍 Regional: Economic instability in Iran can have ripple effects in the region, affecting trade and political dynamics.
🌐 International: International stakeholders are concerned about Iran's economic stability and its impact on regional security and global markets.

📚 Background

Iran is experiencing significant economic challenges, including high inflation and currency devaluation, leading to widespread public discontent.

Iranian economic policy Public protests in Iran
📡 Source: INTERNATIONAL
📊 Confidence: 70%
Voice of America is a U.S. government-funded international broadcaster, providing an external perspective on Iranian events.

Economic protests in Iran continued on Tuesday, May 18, with gatherings of contractor workers at the Sar-Cheshmeh copper complex in Rafsanjan, truck drivers protesting in Doukohak Shiraz, and clashes involving investors of 'Rezaat Khodro' in front of the Judiciary building in Tehran. The strike of gold sellers also continued for the second week. According to reports received by Voice of America and shared on social media, a large number of investors of 'Rezaat Khodro Taravat Novin' gathered on Tuesday in front of the Judiciary building in Tehran. However, this gathering faced an attack from government forces. This protest, which has been repeated several times before, is in response to the loss of their assets following the activities of Mohammad Reza Ghafari, the detained owner and manager of Rezaat Khodro Taravat Novin. According to some government officials, including Hossein Rajabi, the prosecutor of Qazvin, and Mohammad Mehdi Alaei, the governor of this province, the owner of this company in this 'large case' attracted 'over 12 trillion tomans' from thousands of citizens between 2013 and 2019, delivering less than 'two thousand cars' to customers, with '50 thousand plaintiffs' in this case. On the other hand, the widespread strike of gold sellers in various cities continued on Tuesday after two weeks. This report shows the closure of gold shops in Boroujerd. Images have also been published of the strike of merchants and shopkeepers in the Tehran gold market for several consecutive days. Following the implementation of the tax law on gold sales, gold sellers widely closed their shops and went on strike in various cities in Iran. According to the newspaper Entekhab, they protested being forced to bear the 'cost of inflation' and stated that 'no one guarantees the security of declaring personal capital.' In response to the continuation of these protests, Nader Badrahshan, the head of the union of gold manufacturers and sellers in Tehran, told the Hamshahri newspaper that 'we do not confirm the closure of business units,' but 'officials should also consider that the ambiguities in the comprehensive trade system have not been resolved,' and 'instead of providing the necessary grounds to reduce the problems of the people and the gold sellers, hasty decisions have been made.' Furthermore, following the closure of several gold shops, the newspaper Entekhab reported that Youssef Taghizadegan, the head of the gold sellers' union in Mashhad, emphasized that 'these closures were not carried out by the union but directly by the governor of Mashhad,' and 'directly from Sunday, several shops were closed.' Simultaneously with the continued strike of gold sellers and the protests of Rezaat Khodro investors, on Tuesday, contractor workers at the Sar-Cheshmeh copper complex in Rafsanjan, Kerman province, stopped working in protest of the 'significant wage disparity' with other workers in this industrial and mining unit and gathered in front of the manager's office of this complex. News sources reported that at the same time, a group of truck drivers in Doukohak Shiraz, Fars province, went on strike. The protest of truck drivers and dump truck drivers in Shiraz was in response to the shortage of fuel quotas and illegal loading, and these protesters demanded the formation of a union for themselves. Economic protests in Iran have intensified in recent years alongside rising prices and inflation, as well as increasing gold and dollar rates. In recent days, Hassan Iradan, an inspector of the Tehran retirees' association, stated that the monthly income of retirees in Iran is less than 10 million tomans; that is, it does not even reach one-third of the poverty line, which is unfair. Citizens in Iran began the year 1403 with a new economic shock: an increase of over 3% in the price of the dollar; a trend that, although not new, puts additional pressure on the holiday expenses of Iranian families. Nevertheless, the leader and president of the Islamic Republic in their New Year messages paid little attention to the level of inflation and the dire economic situation, deeming the country's economic situation hopeful and naming the upcoming year as the year of production leap with public participation. However, exclusive conversations of Voice of America with citizens inside Iran show a significant gap from the slogans of the government.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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