Charges against Babak Zanjani announced
The judiciary announced that the charges against Babak Zanjani, according to the issued indictment, are as follows: Corruption on earth through disrupting the economic system by leading an organized network, using forged documents, major money laundering with knowledge of its effectiveness and harming the country’s economic system, extensive fraud from several banks and the Ministry of Oil, forging 24 bank documents, money laundering amounting to 1 billion 967 million 500 thousand euros, and spreading lies.
The Supreme Court’s issued verdict states that it is evident that in the event of returning the assets, compensating for the incurred damages, expressing remorse and repentance, the convict will be entitled to benefit from the provisions under Article 114 of the Islamic Penal Code.
A group of individuals from a responsible body informed the judiciary that they will start a new effort to identify and return Babak Zanjani’s assets. The head of the judiciary agreed with this by setting an ultimatum and a specific timeframe was set for this task so that if the assets are not returned by the convict, a final and legal ruling will be executed regarding him.
The period set for the return of Babak Zanjani’s assets was extended once more by the head of the judiciary until Babak Zanjani announced his intention to cooperate, and signs of his honesty became apparent as he identified significant assets abroad.
Since the return of Babak Zanjani’s assets and debts was at the foreign exchange rate and even exceeded the amount of his conviction and debt, this led to his death sentence being subject to legal leniencies under Article 114 of the Islamic Penal Code.
