Iran in talks with China, Tajikistan over tycoon’s debt

Politics Materials 23 July 2016 20:24 (UTC +04:00)

Baku, Azerbaijan, July 23

By Khalid Kazimov – Trend:

Oil Ministry of Iran is in talks with Chinese and Tajik banks over billionaire businessman Babak Zanjani’s debt case.

Aliakbar Mahrokhzad, the head of legal affairs division at National Iranian Oil Company (NIOC), has said that his organization is following the case in order to collect Zanjani’s debt to the ministry, SHANA news agency reported.

According to the official, Zanjani has proposed settling his debt through banks in China and Tajikistan.

Zanjani has been sentenced to death for corruption as the 42 year-old businessman was convicted of fraud and economic crimes earlier this year.

He was arrested in December 2013 over accusations that he withheld billions in oil revenue during sanctions era.