Babak Zanjani’s charges announced
The Judiciary announced that Babak Zanjani’s charges, based on the issued indictment, include corruption on earth through disrupting the economic system under the leadership of an organized network, using counterfeit documents for large-scale money laundering with knowledge of its effectiveness in damaging the country’s economy, extensive fraud involving multiple banks and the Ministry of Oil, forging 24 bank documents, money laundering amounting to 1 billion 967 million 500 thousand euros, and spreading falsehoods.
The issued court verdict states that it is obvious that in order to be eligible for the provisions under Article 114 of the Islamic Penal Code, returning the assets, compensating for the damages, expressing remorse and repentance, and seeking forgiveness are necessary.
A group of individuals from an authority announced to the judiciary that they will start a new process to identify and recover Babak Zanjani’s assets, and the head of the Judiciary agreed to this by setting an ultimatum. A specific deadline was set for this task, and if the convicted individual’s assets are not returned, a final and legal judgment will be executed against him.
The deadline for the return of Babak Zanjani’s assets has been extended once again by the head of the Judiciary, as Babak Zanjani expressed his intention to cooperate, and signs of his sincerity became apparent as he introduced significant assets abroad.
Since the recovery of Babak Zanjani’s assets and debts were at exchange rates even higher than the amount of his conviction and debts, this led to his death sentence being subject to the legal provisions of Article 114 of the Islamic Penal Code.
