Iran Says May Spare Condemned Tycoon If He Pays Back Debt

December 11, 2016

Publication: 

Reuters

Earlier this month, the Iranian Supreme Court upheld the death sentence of Babak Zanjani, an Iranian national convicted of fraud for owing the Iranian government $2.7 billion in oil revenue. However, a judiciary spokesman announced that Zanjani may be spared if he reimburses the funds. Zanjani made illicit oil deals on behalf of the Iranian government using a network of companies located in Turkey, Malaysia, and the United Arab Emirates.