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Jailed Iranian tycoon reveals foreign assets in bid to avoid death sentence

Source: Radio Zamaneh

Babak Zanjani, the jailed Iranian tycoon accused of financial fraud, has reportedly provided Iran's Ministry of Oil with a list of his foreign assets and the power of attorney to obtain them.

Babak Zanjani (photo by Mizan)
read related report by Shahrvand daily

His lawyer told the Tasnim daily on Friday April 8 that his client's cooperation is aimed at recovering public funds and compensating the Treasury.

Rasoul Kouhpayehzadeh said that because his client had been sentenced to death, his executors outside the country stopped cooperating with the government to recover the money, so Zanjani has made all the arrangements to once again facilitate the transfer of all funds.

Koupayehzadeh stressed that his client's cooperation should be considered enough of a mitigating factor to have the death sentence reconsidered.

Zanjani amassed great wealth during the Ahmadinejad administration, acting as a go-between in circumventing international sanctions to sell Iranian crude. The Ministry of Oil maintains that he owes the government billions of dollars.

He has been quoted as saying that everything he did was in the service of his country.

... Payvand News - 04/09/16 ... --

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