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Saturday, 3 December 2016

Iran upholds oil fraud death sentence

Iran upholds oil fraud death sentence:
"Iran’s supreme court has upheld the death sentence of a billionaire businessman who was involved in a high-profile fraud case, but overturned the sentences of two others who were convicted alongside him.

Babak Zanjani, an Iranian oil billionaire, who had accumulated astronomical sums thanks to his connections to Iran’s powerful elite, was sentenced to death for economic crimes in March, after failing to repay the government €2.7bn ($3bn) accumulated by selling crude oil on behalf of the authorities.

Domestic media reported on Saturday that the Supreme Court had confirmed his death sentence, but overturned those of Mehdi Shams and Hamid Fallah Heravi. Their cases were handed over to a new court for further assessment."

'via Blog this'