Babak Zanjani
Babak Zanjani (Persian: بابک زنجانی, born 12 March 1974) is an Iranian billionaire and business magnate. He was the managing director of the UAE-based Sorinet Group, one of Iran's largest business conglomerates. In late 2013, he was arrested and accused of withholding $2.7 billion of government money owned by the Ministry of Petroleum, while facilitating Iran's oil revenue, which was hindered by the sanctions against Iran.
Babak Zanjani | |
|---|---|
| Born | Babak Zanjani 12 March 1974 Tehran, Iran |
| Nationality | Iranian |
| Occupation | Businessman |
| Criminal status | Stayed (2021) |
| Criminal charge | Spreading corruption on earth |
| Penalty | Execution |
Date apprehended | 2013 |
| Website | www |
Zanjani was convicted of corruption and sentenced to death. In 2021, while awaiting execution, the Supreme Court of Iran indicated that the sentence would be commuted when his debts to the Iranian government were paid, and stayed his sentence, pending return of the embezzled funds. Several commentators have stated that Zanjani is perhaps a "fall guy" for corruption scandals in Iran.