Baku, Azerbaijan, Oct. 3
By Fatih Karimov - Trend:
The first hearing of the Iranian oil tycoon Babak Zanjani started on in Tehran on October 3.
Two lawyers on behalf of the National Iranian Oil Company, two lawyers on behalf of HK Company, one lawyer on behalf of Zanjani, two lawyers on behalf of his first deputy, and two lawyers on behalf of his second deputy attended the court's open session, Iran's Fars news agency reported on October 3.
After sanctions were imposed against the National Iranian Oil Company, Iran had to export a part of its oil by Zanjani.
In December 2014, Zanjani was accused of initiating an illegal $5.4 billion business deal, hanging on to money from oil sales ($3 billion) to the oil ministry and demanding that corruption charges be pursued against him. Zanjani was arrested days later.