Pursuits
Iran Billionaire Sentenced to Death in Oil Fund Fraud Case
- Zanjani guilty of funneling money out of Iran during sanctions
- Analyst says Iran wants to show that it is tackling corruption
Babak Zanjani, in blue, in a Tehran court in November 2015.
Photographer: Hemat Khahi/EPAThis article is for subscribers only.
Iranian businessman Babak Zanjani was sentenced to death after being found guilty in a fraud case involving an oil fund, the state-run Iranian Students’ News Agency reported on Sunday, citing a judicial official.
The court found enough evidence to convict Zanjani and two other people, who were also sentenced to death, said Gholam Hossein Mohseni-Ejei, a spokesman for Iran’s judiciary. They were also ordered to repay a quarter of the money they laundered, according to the report. Zanjani can appeal the verdict.