Supreme Court Upholds Babak Zanjani Death Sentence

Supreme Court Upholds Babak Zanjani Death SentenceSupreme Court Upholds Babak Zanjani Death Sentence

The Supreme Court of Iran has upheld the death sentence for the infamous oil billionaire Babak Zanjani, said Gholamreza Ansari, supervising deputy at the Supreme Court, news outlets reported. The judiciary had issued the verdict in March for Zanjani, and two other defendants, who faced money laundering charges lodged in a 40,000-page lawsuit which led to his indictment. “The sentence was upheld for Zanjani, but not the other two defendants and their files were sent to a parallel branch of the Supreme Court,” said Ansari. Zanjani, 41 was declared by the Supreme Court as an entity “spreading corruption on earth,” which carries the death penalty under Iran’s Islamic Penal Code. Zanjani was arrested and jailed on December 30, 2013, when charges were brought against him for misappropriating two billion euros belonging to the Oil Ministry. He had also been charged with massive fraud at the Social Security Organization and Bank-e Maskan (specializing in provision of housing loans). One of Iran’s wealthiest businessmen, he is said to be worth an estimated $14 billion. He insists that he is not guilty.

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