Following a long trial in which he was accused of fraudulently pocketing $2.8 billion, Iran's billionaire tycoon Babak Zanjani has been sentenced to death, a judicial official said today March 6. The 41-year-old who is worth $13.5 billion and holds a Danish citizenship was convicted of fraud and economic crimes.
Judiciary spokesman Gholam Hossein Mohseni-Ejeie said at the press conference that apart from the death sentence, Zanjani must repay money to the state.
Zanjani became notorious during the era of president Mahmoud Ahmadinejad, finding ways to channel hard currency from oil sales to Tehran despite financial sanctions imposed on the Islamic republic's banks as punishment for its nuclear programme.








