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Iran Supreme Court confirms billionaire’s death sentence

Society Materials 3 December 2016 14:04 (UTC +04:00)
Iran’s Supreme Court has confirmed death sentence of Iranian billionaire businessman Babak Zanjani, Gholamreza Ansari, an official with the court said
Iran Supreme Court confirms billionaire’s death sentence

Baku, Azerbaijan, Dec. 3

By Fatih Karimov – Trend:

Iran’s Supreme Court has confirmed death sentence of Iranian billionaire businessman Babak Zanjani, Gholamreza Ansari, an official with the court said, ISNA news agency reported Dec. 3.

He further said that the Supreme Court has overturned death penalty of British-Iranian Mahdi Shams and Iranian Hamid Fallah Heravi, two of Zanjani’s business associates.

Zanjani was sentenced to death last April for corruption, but he appealed the ruling.

In December 2013, Iranian judiciary officials accused Zanjani of massive fraud at the Oil Ministry and money laundering. He has been kept in custody and attended court hearings since then.

After sanctions were imposed against the National Iranian Oil Company, Iran had to partially export its oil through Zanjani's channels. Meanwhile, the ministry said Zanjani still owes more than two billion euros for the oil exports he handled on behalf of the former government.

One of Iran's richest men, Zanjani was blacklisted by the US and EU for helping Iran evade oil sanctions.

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