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Iranian Billionaire sentenced to death
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Iranian Billionaire sentenced to deathPosted:
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Billionaire Iranian businessman Babak Zanjani has been sentenced to death for corruption, justice officials say.
He was arrested in December 2013 after accusations that he withheld billions in oil revenue channelled through his companies. He denies the allegations.
Zanjani, 42, was convicted of fraud and economic crimes, a judiciary spokesperson said at a press briefing.
One of Iran's richest men, Zanjani was blacklisted by the US and EU for helping Iran evade oil sanctions.
Two others were sentenced to death along with him and all were ordered to repay embezzled funds. The ruling can be appealed.
Zohreh Rezalee, a lawyer for Zanjani, told the BBC the verdict was politically motivated and an appeal would be lodged.
Who is Babak Zanjani?
Played a key role in helping Iran get around sanctions to sell oil abroad during the presidency of Mahmoud Ahmadinejad
From Dubai, he controlled a global network of more than 60 companies involved in everything from cosmetics to air travel and banking
Accused of impropriety after Hassan Rouhani, a moderate who pledged to tackle high-level corruption, became president in 2013
Born in Tehran, attended a Turkish university and became a driver for Iran's central bank head in 1999, when he started out in currency exchange
Said he was worth $13.5bn but was reported to have significant debts
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He was arrested in December 2013 after accusations that he withheld billions in oil revenue channelled through his companies. He denies the allegations.
Zanjani, 42, was convicted of fraud and economic crimes, a judiciary spokesperson said at a press briefing.
One of Iran's richest men, Zanjani was blacklisted by the US and EU for helping Iran evade oil sanctions.
Two others were sentenced to death along with him and all were ordered to repay embezzled funds. The ruling can be appealed.
Zohreh Rezalee, a lawyer for Zanjani, told the BBC the verdict was politically motivated and an appeal would be lodged.
Who is Babak Zanjani?
Played a key role in helping Iran get around sanctions to sell oil abroad during the presidency of Mahmoud Ahmadinejad
From Dubai, he controlled a global network of more than 60 companies involved in everything from cosmetics to air travel and banking
Accused of impropriety after Hassan Rouhani, a moderate who pledged to tackle high-level corruption, became president in 2013
Born in Tehran, attended a Turkish university and became a driver for Iran's central bank head in 1999, when he started out in currency exchange
Said he was worth $13.5bn but was reported to have significant debts
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#2. Posted:
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Damn that is a harsh sentence to say the least
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#3. Posted:
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Wow death for fraud? That's very extreme. A lot of money, but still.
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#4. Posted:
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Well it is a different country than us, it might seem harsh for us but to them it might just be seen as justice, and it is in the oil industry, billions of dollars is a whole lot of cash to be taking...
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#5. Posted:
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That's a hard hit for him to imagine to himself that he's now down for a death sentence. $13+ Billion that's a lot of cash right there.
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#6. Posted:
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else wrote Well it is a different country than us, it might seem harsh for us but to them it might just be seen as justice, and it is in the oil industry, billions of dollars is a whole lot of cash to be taking...I agree that they have a different culture to us but its still not right i mean not too long ago The US, UK etc would sentence people to death for things like this but it is just not acceptable anymore the world is a different place than what it was 200 years ago and this should not be allowed only Murder and crimes of that level should get you a death sentence.
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#7. Posted:
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He should refuse to repay the billions he embezzled and that way they either stay the execution or they kill him and he gets to spite them from the grave.
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#8. Posted:
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If he does have any off shore money in some random place that he could use to try to get revenge who knows what could happen. This could be an interesting read as the story progresses.
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