Iranian Billionaire Sentenced to Death

Billionaire Iranian businessman Babak Zanjani (pictured) has been sentenced to death.

The sentence follows his conviction for “spreading corruption on earth“, withholding billions of dollars in oil revenue channelled through his companies, which he denies.

One of Iran’s richest men, Zanjani, aged 42, was blacklisted by the United States and the European Union for helping Iran evade oil sanctions, according to BBC News.

Two others were sentenced to death along with him and all were ordered to repay embezzled funds.

A lawyer for Zanjani told the BBC the verdict was politically motivated and an appeal would be lodged.

Justice Minister Mostafa Pour Mohammadi said the death sentence can be commuted if Zanjani cooperates by returning the money. “Whenever we see the money back in our bank account, we will say that he has cooperated … So far, we haven’t seen him cooperate.

(Sources: BBC News, Reuters, Bloomberg)

(Picture: Tasnim News, under Creative Commons licence)

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