Iranian multibillionaire sentenced to death for fraud

Iranian multibillionaire Babak Zanjani and two colleagues have been sentenced to death for fraud, Iranian Attorney General Gholam-Hossein Mohseni-Eje'i said Sunday.

Zanjani was accused of secretly selling Iranian oil as part of a criminal gang during the presidency of Mahmoud Ahmadinejad (2005-13) and embezzling billions in profits.

Current President Hassan Rowhani has stepped up investigations against corrupt gangs, including the arrest and trial of 41-year-old Zanjani.

During the court proceedings, members of Ahmadinejad's former cabinet were mentioned several times as potentially being involved in the scandal.

Zanjani was also blacklisted in the United States after he breached international sanctions against Iran by selling oil.

The economic sanctions, imposed on Iran over the last decade for its nuclear programme, were lifted in mid-January after Tehran scaled down its nuclear programme and fulfilled its obligations under a July nuclear deal with six world powers.

Last update: Sun, 06/03/2016 - 13:43
Author: 

Related

More from World

"Mother" of India's Tamil Nadu state, Jayalalithaa dies aged 68

Jayaram Jayalalithaa, one of India's most powerful and popular politicians, died at a hospital in Chennai on Monday...

Islamic State calls for attacks on Turkey, Turkish embassies

An audio recording released in the name of the Islamic State extremist group Monday called for attacks on Turkey and...

Italy coastguard: more than 1,000 migrants saved, 16 bodies recovered

Some 1,022 people were saved and 16 bodies were recovered in recent migrant rescues on the Mediterranean, the...

Gambia opposition activists released on bail

A prominent opposition politician and 18 other activists were released on bail in Gambia on Monday, three days after...

Russia accuses Syrian militants of killing Russian medics in Aleppo

Two Russian military medics succumbed to injuries suffered during militant shelling of a field hospital in the war-...