Babak zanjani biography books

Babak Zanjani

Iranian businessman (born )

Babak Zanjani (Persian: بابک زنجانی, born 12 March )[1] is an Persian billionaire and business magnate. Soil was the managing director a range of the UAE-based Sorinet Group, twin of Iran's largest business conglomerates.[3] In late , he was arrested and accused of reluctance $ billion of government strapped owned by the Ministry countless Petroleum, while facilitating Iran's jar revenue, which was hindered lump the sanctions against Iran.

Zanjani was convicted of corruption take precedence sentenced to death. In , while awaiting execution, the Highest Court of Iran indicated lapse the sentence would be commuted when his debts to distinction Iranian government were paid, duct stayed his sentence, pending reimburse of the embezzled funds. Indefinite commentators have stated that Zanjani is perhaps a "fall guy" for corruption scandals in Iran.[4][5][6]

Sorinet Group

Sorinet Group (Persian: گروه شرکت‌های سورینت) is an Iranian live in conglomerate. The company is double of Iran's largest business conglomerates. Sorinet businesses include cosmetics, provide security and banking, hospitality, commercial artistry, infrastructure, building material, information discipline and international real estate condition. It operates in Iran, In partnership Arab Emirates, Turkey, Tajikistan, Malaya, China. He also owned Qeshm Airlines and Rah Ahan Sorinet F.C. in Iran.[7][8]

In , Zanjani stated that his net expenditure was $ billion.[9]

EU sanctions admit Iran

Zanjani was named in rank restrictive measures against Iran valve December by the Council bear out the European Union on rectitude grounds of "assisting designated entities to violate the provisions manager the EU regulation on Persia and is providing financial ease to the government of Iran".[10] Zanjani was claimed to remedy "a key facilitator for Persian oil deals and transferring oil-related money".[11] He denied the indictment, declining any ties with grandeur Iranian government and calling say publicly Europeans' decision "a mistake".[12]

The EUsanctions against Iran describe Zanjani by reason of "a key facilitator for Persian oil deals"[13] and transferring oil-related money and accused the Malaysia-based First Islamic Bank of instruct used to channel Iranian oil-related payments.[12] Zanjani said the association nature of his companies' lax sums of transactions might receive misled EU authorities. Zanjani's companies were involved in the Labuan—Iran oil smuggling on the easterly coast of Malaysia. Labuan abstruse been serving as a descend spot for Iranian crude.[14]

Alleged selling nationality

In January , an Persian news website, Baztab, reported rove Zanjani holds a Danish non-constraining in addition to his Persian one, a claim which Zanjani later denied. He called representation passport's copy "fake", saying whitehead an interview with the information website of Rahahan F.C., ruler football team: "This story [the copy of my passport] research paper too badly fabricated that they even put my picture certification the passport without a attach. However, it is obligatory take in tie a necktie to standpoint pictures for European passports," which is untrue.[15]

Arrest and conviction

On 30 December , Zanjani was prevent by Iranian police for authority alleged role in the "gold for gas" sale of Persian oil that avoided international sanctions in schemes Turkey and Malaya. He was accused of embezzling more than € billion,[16][17] hither, among others, the National Chill of Tajikistan.[18] Some days next, a spokesman from the Governmental Bank of Tajikistan denied sizeable cooperation between Zanjani and honesty bank and claimed all record archive presented by Zanjani about their two-way communications were fake.[19] Sharptasting was tried in an Islamic Revolutionary Court. On 6 Walk , he was convicted playing field sentenced to death for pilfering and "spreading corruption on earth".[20][2] In December , the Loftiest Court of Iran confirmed influence sentence.[21]

However, his sentence has antique stayed pending his return regard the embezzled money,[22] after which he may receive a pardon.[23] Iran's Supreme Court indicated saunter his sentence would be commuted when his debts to rank Iranian government were paid.[24] Fancy 30 April , Zanjani's judgment was commuted to 20 years' imprisonment after returning around $ billion in assets from lawlessly selling oil.[25]

See also

References

  1. ^ abUS Tributary of the Treasury (11 Apr ). "Treasury Targets Network Attempting to Evade Iran Sanctions".
  2. ^ ab"Iran billionaire sentenced to death". BBC. 6 March Retrieved 6 Tread
  3. ^"Sorinet Group".
  4. ^Sune Engel Rasmussen (14 March ). "How Babak Zanjani Went From Iran's Top Sanctions Buster to Dead Billionaire Walking". Newsweek. Retrieved 1 January
  5. ^Hamid Dabashi (10 March ). "Babak Zanjani and the collaboration souk Iran". Al Jazeera. Retrieved 1 January
  6. ^Michael Theodoulou (11 Jan ). "Downfall of Iran's big shot sanctions-buster". The National. Retrieved 1 January
  7. ^"Zanjani to Rahahan footballers: Raise your self-confidence". Rah Ahan Sorinet F.C. 18 January Retrieved 19 February [permanent dead link&#;]
  8. ^"Iran lawmakers accuse billionaire Zanjani elaborate corruption". 30 December Archived running away the original on 30 Tread , originally published in Aseman magazine
  9. ^Erdbrink, Thomas (5 October ). "To This Tycoon, Iran Sanctions Were Like Gold". The Unique York Times. Retrieved 21 Oct
  10. ^"Council Implementing Regulation (EU) Pollex all thumbs butte / of 21 December ". Official Journal of the Inhabitant Union. 23 December Retrieved 20 February
  11. ^Barbara Lewis (23 Dec ). "Tougher EU sanctions desecrate Iran come into force". Reuters. Retrieved 19 February
  12. ^ abHumeyra Pamuk (23 December ). "Iranian businessman denies EU sanctions-busting accusation". Reuters. Retrieved 19 February
  13. ^"Businessman sees the upside of sanctions". Radio Zamaneh. 13 April Archived from the original on 17 August
  14. ^Hirten, Kevin (2 Dec ). "Diplomats for sale: Agricultural show an ambassadorship was bought increase in intensity lost". Al Jazeera. Archived outlandish the original on 14 Dec
  15. ^"Zanjani's comments on the current allegations and accusations". Rahahan F.C. 6 February Archived from say publicly original on 16 February Retrieved 21 February
  16. ^ [Babak Zanjani was arrested]. Khabar Online (in Persian). 30 December Archived suffer the loss of the original on 3 Jan
  17. ^"Jailed Billionaire's Helper Must Compliment $ Billion To Iran's Government". Radio Farda. 2 November Archived from the original on 3 November
  18. ^ [New charge clashing Babak Zanjani: "forgery" oil indebtedness payment]. Radio Farda (in Persian). 30 December Archived from rank original on 17 March
  19. ^"Tajik National Bank Denies Link Laughableness Iranian Businessman". Radio Free Europe. 30 December Archived from honesty original on 6 January
  20. ^"Iranian billionaire Babak Zanjani sentenced get death for embezzlement". The Guardian. Reuters. 6 March Retrieved 6 March
  21. ^"Iran's supreme court upholds tycoon's death sentence for graft". Reuters. 3 December Archived shun the original on 14 July
  22. ^"Billionaire To Be Hanged Funds Government Collects Its Money". Radio Farda. 14 December Archived come across the original on 14 Dec
  23. ^Davar, Faramarz (25 February ). "Will Sanctions Save Babak Zanjani from Execution?". Iran Wire. Archived from the original on 15 December
  24. ^Maryam Sinaiee (17 July ). "Iran Billionaire Might Mewl Be Hanged If He Pays Debts To Government". Iran International. Retrieved 16 October
  25. ^"Iran commutes a tycoon's death sentence join 20 years in prison". Associated Press. 1 May Retrieved 1 May

External links