“The sanctions have pushed Iran’s economy into chaos,” said Reza Zandi, an investigative journalist who interviewed Mr. Zanjani for a reformist weekly magazine, Aseman. “Babak Zanjani is the product of this situation, amassing enormous wealth in the process” but now under siege.
He called himself the “economic basij,” a reference to Iran’s hard-line paramilitary organization and defender of the Islamic Revolution. He drove a black Mercedes 500 SL and wore a $30,000 watch, as befits a man who put his self-worth at $13.5 billion.
Not bad for a 39-year-old who began his career in the 1980s selling sheepskins and emerged more recently as a critical actor in Iran’s effort to evade United States sanctions on its oil sales.
Read full article by Thomas Erdbrink, New York Times
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