Pursuits
Iranian Billionaire Can Avoid Death Penalty by Repaying Cash
- Minister says Babak Zanjani must cooperate to escape sentence
- Zanjani convicted of embezzling $2.7 billion during oil deals
Babak Zanjani, in blue, in a Tehran court in November 2015.
Photographer: Hemat Khahi/EPAThis article is for subscribers only.
The death sentence of Iranian billionaire Babak Zanjani can be commuted if he cooperates by returning the money he was convicted of embezzling, Justice Minister Mostafa Pour Mohammadi said.
“Whenever we see the money back in our bank account, we will say that he has cooperated,” Pour Mohammadi said, according to a report Tuesday by the Iranian Students News Agency. “So far, we haven’t seen him cooperate.”
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
Iranian Billionaire Can Avoid Death Penalty by Repaying Cash