Tag Archives | Babak Zanjani

The Downfall of two Iranian Tycoons

By Rohollah Faghihi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iranian tycoons Babak Zanjani and Reza Zarrab are now both finding themselves in dire straits. Zanjani, one of the most well-known magnates in Iran, has been sentenced to death for allegedly not paying […]

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 […]