Iranian billionaire to be hanged

Orient Net 2018-12-15 09:03:00

expressive image

An official of Iranian regime’s Judiciary said on December 13 that former tycoon, Babak Zanjani will be executed after he returns what he owes the Islamic Republic, RFE reported.

Zanjani who was arrested in 2013 on charges of embezzling money earned from black market oil exports sanctioned by the Iranian regime, was sentenced to death in 2016.

Hadi Sadeghi, a deputy to the all-powerful Judiciary head told reporters in city of Bojnourd, that part of Zanjani’s money is abroad and currently it is not possible to repatriate it, according to major Tehran news agencies.

“People should not be impatient with carrying out Zanjani’s death penalty. The Judiciary does not want to lose the connection to his assets abroad.”

It is not clear why the Iranian regime is unable to collect Zanjani's money abroad. Is he refusing to pay or the funds are out of reach because of US banking sanctions on Iran.

Zanjani was a middleman, selling Iranian oil through companies, mainly affiliated with the Islamic Revolution Guards Corps (IRGC), in the years when international sanctions restricted Iran oil exports and banking relations, during Ahmadineja’s second term, 2009-2013.