Accessibility links

Breaking News

Iran Sentences Billionaire to Death for Corruption


A picture made available on March 6, 2016 shows Iran's billionaire tycoon Babak Zanjani (C) in a court, in Tehran.
A picture made available on March 6, 2016 shows Iran's billionaire tycoon Babak Zanjani (C) in a court, in Tehran.

An Iranian court has sentenced a billionaire and two other people to death for corruption involving oil sales.

Babak Zanjani is believed to be one of Iran's wealthiest people with a net worth estimated at $14 billion. He was accused of pocketing more than $2 billion while making oil sales on behalf of former President Mahmoud Ahmadinejad's government.

He was arrested in 2013, shortly after current President Hassan Rouhani took office and put a priority on tackling corruption.

The three men convicted Sunday can appeal the verdict.

Two years ago, Iran hanged billionaire businessman Mahafarid Amir Khosravi after convicting him of using forged documents to obtain credit at Iran's top financial institutions in a $2.6 billion scam.

  • 16x9 Image

    VOA News

    The Voice of America provides news and information in more than 40 languages to an estimated weekly audience of over 326 million people. Stories with the VOA News byline are the work of multiple VOA journalists and may contain information from wire service reports.

XS
SM
MD
LG