Iran’s Minister of Oil has accused the former administration of abuse of power and the promotion of corruption. He added that under the former administration’s watch, Babak Zanjani, the Iranian tycoon now in custody on embezzlement charges, managed to receive 2.7 billion dollars thought a “fake bank” with the collaboration of a number of […]
Tag: Babak Zanjani
Oil minister reveals extent of financial frauds
Iranian Oil Minister Bijan Zanganeh has written on his Facebook page that his ministry has been dealing with financials frauds totaling more than four trillion rials. Zanganeh writes that in his meeting with Iranian president Hassan Rohani, the minister informed the president: “Although the issue of Babak Zanjani is exorbitant and we are serious […]
Iran seizes assets of tycoon under investigation
The Iranian judiciary says the assets of detained Iranian tycoon Babak Zanjani have been confiscated. The Mehr News Agency reports that all the assets under Babak Zanjani’s name have been identified and confiscated by order of the prosecutor. Zanjani’s debt to the Ministry of Oil, which is the main issue that prompted his arrest, […]
Iranian tycoon, Babak Zanjani, arrested
The Iranian judiciary has announced that Iranian tycoon Babak Zanjani has been arrested by order of the court. IRNA reports that Gholamhosssein Ejei, the Iran Prosecutor General, announced Zanjani’s arrest on Monday December 30. The arrest is reportedly in relation to financial crimes, and the Mehr New Agency quoted a number of MPs saying […]