TEHRAN: Iran has sentenced billionaire tycoon Babak Zanjani, reportedly one of the country’s richest men, to death, convicting him of corruption after a long trial on accusations he fraudulently pocketed $2.8 billion.

A justice official announced the punishment Sunday, noting that Zanjani, who became notorious for finding ways to channel hard currency from oil sales during the sanctions-ridden era of president Mahmoud Ahmadinejad from 2005 to 2013, could appeal.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details