Iran’s Supreme Court upholds death sentence for tycoon

A death sentence on graft charges against Iranian tycoon Babak Zanjani has been confirmed by the Supreme Court. (AFP)

A death sentence on graft charges against Iranian tycoon Babak Zanjani has been confirmed by the Supreme Court. Zanjani, one of the country’s richest businessmen, was convicted of economic fraud.

Iran’s Supreme Court on Saturday upheld the death sentence against Zanjani, but revoked death sentences against two co-defendants, judiciary head Gholamreza Ansari said, according to the body’s official news website, Mizan.

Zanjani was sentenced to death in March. The official IRNA news agency said he was convicted on charges of money laundering and disrupting the national economy.

Zanjani was arrested in 2013 during a crackdown on alleged corruption during Ahmadinejad’s rule. Iran’s Oil Ministry says Zanjani owes more than 2 billion euros ($2.25 billion) for oil sales he made on behalf of Ahmadinejad’s government.

Zanjani’s fortune worth is estimated at $14 billion. He was arrested shortly after the election of President Hassan Rouhani, who ordered a crackdown on alleged corruption during the eight-year rule of his hard-line predecessor.

Iran has in the past executed other wealthy individuals found guilty of similar charges. In 2014, Iran executed billionaire businessman Mahafarid Amir Khosravi over corruption charges.

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Last Update: Wednesday, 20 May 2020 KSA 09:53 - GMT 06:53
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