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


More from World

Syria accused of third chemical weapons attack

UN monitors have concluded that the Syrian regime used chlorine gas in a third chemical weapons attack last year,...

Yemen ceasefire expires as UN envoy pleads for extension

A three-day long truce in the Yemeni conflict expired at 11:59 pm local time (2059) GMT Saturday, despite a plea...

Venezuelan fighter intercepts Colombian passenger flight

A Colombian passenger plane was intercepted and escorted from Venezuelan airspace by a Venezuelan fighter plane, the...

AT&T agrees to buy Time Warner, reports say

Telecommunications giant AT&T has agreed to buy media conglomerate Time Warner in a deal worth 80 billion...

Aleppo ceasefire ends without promised evacuations

No civilians were evacuated during the Russian-announced truce in Aleppo, a Red Cross official in the city said...