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Sunday, 6 March 2016
Iranian billionaire Babak Zanjani sentenced to death over $2.8 billion fraud: Following a long trial in which he was accused of fraudulently pocketing $2.8 billion, Iran's billionaire tycoon Babak Zanjani has been sentenced to death, a judicial official said today March 6. The 41-year-old who is worth $13.5 billion and holds a Danish citizenship was convicted of fraud and economic crimes. Judiciary spokesman Gholam Hossein Mohseni-Ejeie said at the press conference that apart from the death sentence, Zanjani must repay money to the state.
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