As a person who is fully acquainted with the constitution and relevant laws of the country and is aware of the oversight rights of the parliament and other oversight bodies of the country, I strongly believe that the manner in which the parliament enters into the subject of research and investigation of the Islamic Consultative Assembly has important drawbacks.
According to the Economic Observatory and quoted by ILNA, Morteza Bloki: Some time ago, the spokesman of the Industries and Mines Commission of the Islamic Consultative Assembly announced the approval of the investigation of “Mobarakeh Steel” company in the meeting of this commission. After the approval of this investigation in the parliament, we witnessed a large volume of marginalization and negative news about the situation of this company in the domestic media, cyberspace and foreign media.
As a person who is fully acquainted with the constitution and relevant laws of the country and is aware of the oversight rights of the parliament and other oversight bodies of the country, I strongly believe that the manner in which the parliament enters the subject of investigation and investigation of the Islamic Consultative Assembly has important drawbacks.
Undoubtedly, the investigation is an obvious right of the parliament, but the way this right is exercised and enforced should not be such that it becomes a marginalization in practice. It is about a company that leads the country’s steel industry and is owned by millions of workers, insurers, retirees and pensioners. Such marginalizations in practice only lead to lower profit margins and jeopardize the support of pension funds, which in fact threaten the capital of millions of workers and retirees who are shareholders of Mobarakeh Steel.
On the other hand, the stock market and the capital market are among the most sensitive markets to negative news. In fact, stock marketers like to believe negative news more easily, and this is part of the nature of the capital market around the world. The news of the parliament’s investigation into Mobarakeh Steel and the news margins about it have made the outlook for the value of Mobarakeh Steel’s share seem uncertain in the minds of stockbrokers, which we have seen in recent weeks in the form of falling Mobarakeh steel stock prices. The result of the riots and marginalization has only been to the detriment of the shareholders of Mobarakeh Steel on the stock exchange. Mobarakeh Steel’s stock price fall as a result of these negative news, while Mobarakeh Steel with the highest asset value, high liquidity, minimum receivables, good market share, very positive quarterly reports and also with the implementation of many development plans Valuable and complete the production and value chain, is currently one of the best stocks on the stock exchange.
We have not forgotten that the Supreme Leader has repeatedly emphasized that the authorities are not allowed to disappoint the people with their statements and stances under the pretext of the right to comment with the right of supervision and the like. Mobarakeh Steel is building a production line this year with the implementation of the hot rolling project 2 (which is decorated with the name of Shahid Soleimani) in the conditions of sanctions and economic war, which is as strategic as the current rolling line of Mobarakeh Steel for the country’s steel industry and economy. Resistance and production leap in the country. Interestingly, this super project is being implemented entirely with the internal resources of Mobarakeh Steel, and this development project is being implemented without government assistance and budget, and despite the sabotage of the enemies.
At present, the Islamic Consultative Assembly, in the name of investigation, has targeted exactly the company that the United States has officially listed. The United States has imposed sanctions on Mobarakeh Steel, and we have helped the United States sanction itself with a large-scale marginalization project called Investigation.
Certainly, no one is against the right of the parliament to investigate, but the way it has been implemented so far has been such that only the mind and time of the CEO and management staff of Mobarakeh Steel have been occupied and the opportunity and courage to implement large projects in Mobarakeh have been weakened . In the weeks leading up to the intensity of the negative news, and especially the subject matter of the investigation, Mobarakeh Steel executives mostly have to devote their time to responding to marginalization. Even the risk-taking motivation of Mobarakeh Steel executives to carry out bold projects has drastically decreased.
In the end, I once again call on the officials of the country, both in the government and in the Islamic Consultative Assembly, to order the leadership that no official has the right to disappoint the people in their statements and to provide propaganda feed for the enemy media.
It is hoped that this misconduct against Mobarakeh Steel will end soon. Certainly, oversight is the right of the esteemed parliament and the oversight and security institutions, but this right must be exercised within the framework of the order of the Supreme Leader mentioned.