The heads of the three branches of the Iranian government have held a meeting as a major corruption case at Iran's Mobarakeh Steel Plant implicated dozens of state entities.

Following their meeting on Saturday afternoon, President Ebrahim Raisi, Parliament Speaker Mohammad-Bagher Ghalibaf, and Chief Justice Gholam-Hossein Mohseni-Ejei warned against "media speculations" until the review of the case is completed by the judiciary.

Only the judiciary should review and assess the reports of the parliament’s investigation, and it is necessary to refrain from media speculations until these reports are scrutinized in judicial courts, they announced. 

Last week, a scathing report about an alleged $3 billion corruption case revealed massive irregularities and mismanagement in government-controlled Mobarakeh Steel Company, the largest steel producer in the Middle East and Northern Africa, which is located near the city of Mobarakeh, Esfahan Province. 

The over 250-page report says the company paid astronomical sums of money to various government entities including the Revolutionary Guard (IRGC), ministry of intelligence, police, state broadcaster (IRIB), Friday prayer imam’s offices, religious seminaries, and bribed others such as certain media outlets, individuals, and social media influencers.

The company, which has a share of around 1% in Iran's GDP, employs around 350,000 people directly and indirectly and feeds over 2,800 other large and small enterprises.