A court in Iran has sentenced a billionaire businessman to death on corruption charges. Babak Zanjani was convicted of embezzling almost 3 billion dollars from the state-run National Iranian Oil Company (NIOC).
A court in Iran has sentenced businessman Babak Zanjani to death for corruption. He's accused of secretly selling Iranian oil on behalf of Ahmadinejad's government and embezzling millions of dollars in profits.
A death sentence on graft charges against Iranian tycoon Babak Zanjani has been confirmed by the Supreme Court. Zanjani, one of the country's richest businessmen, was convicted of economic fraud.
In Iran, billionaire Babak Zanjani has been sentenced to death for corruption. He once had close ties to political circles. The justice system just wants to close the case and has no interest in further explanation.
Iran's economy minister has said sales will reach 2 million barrels a day "in a short time" now sanctions are being lifted. His prediction came shortly after the state sentenced a black-market oil salesman to death.
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