Monday 30 December 2013

BBC News - Iranian billionaire Babak Zanjani 'arrested'

BBC News - Iranian billionaire Babak Zanjani 'arrested':

"The billionaire Iranian businessman Babak Zanjani has been arrested, state media report.

In September, Iran's parliament began investigating his business dealings after he was accused of withholding $1.9bn (£1.2bn) of oil revenue meant to be channelled through his companies.

Mr Zanjani, who claims he is worth $13.5bn, has denied the allegation.

The US and the EU have both blacklisted him for helping Iran's government and several firms evade an oil embargo.

The US and the EU have imposed crippling sanctions on Iran's oil industry since 2012 as part of a drive by the international community to put pressure on the government in Tehran over its controversial nuclear programme."

'via Blog this'

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