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
Iranian Rials from 2009 to 2014. In January 2015, a prosecutor in
Mashhad accused the company of a "
fraud" worth
Us dollar34.3 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.
The company is allegedly manipulating the shares.
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.
Padideh Khorasan Football Club
In July 2013 Padideh Shandiz company bought
Azadegan League club Mes Sarcheshmeh and renamed it as
Padideh Khorasan Football Club.
