Baku, Azerbaijan, Dec. 22
By Elnur Baghishov - Trend:
Hamid Reza Bagheri Dermani, known as the "Sultan of Tar", has been convicted of "spreading corruption on earth", a capital offense under the Islamic law, and hanged in Tehran in the early hours of Saturday morning, Trend reports via Iranian media.
The court found him guilty of forming a corruption network, disrupting the country's economic, foreign currency and monetary system by carrying out illegal transactions, as well as bribery.
Tehran Islamic Revolutionary Court earlier said that Hamid Reza Bagheri Dermani and people related to him are convicted of over 25,000 pages criminal cases.
The "Sultan of Tar", using bribery and fraud, sold an estate of 400 billion rials (roughly $9.5 million) for 1.269 trillion rials (about $30 million) to Jey Oil Company. Moreover, by providing fake documents, he took 60 billion rials (roughly $1.42 million) in loans from Iran's Tourism Bank.