Be the most informed person in the room with Newsy's free e-newsletter

View our privacy policy:

Iran Sentences Billionaire Babak Zanjani To Death For Corruption

An Iranian billionaire was given the death penalty Sunday for embezzlement related to oil.

A court in Iran handed billionaire businessman Babak Zanjani a death sentence Sunday for "spreading corruption on Earth" — Iran’s most serious offense. The sentence concludes a nearly five-month-long public trial.

The billionaire was arrested in 2013 amid accusations that he helped Iran avoid oil sanctions under the rule of the former president and withheld billions in oil revenue. Zanjani denies any wrongdoing.

Zanjani is widely known as one of the richest people in Iran. According to the BBC, he's worth about $13.5 billion.

Zanjani will have to repay the embezzled funds along with two of his associates, who were also given the death penalty. The sentences can be appealed in court.

This video includes clips from PressTV.

Featured Stories
Women fill the streets of Washington, D.C. during the Women's March on Washington.

Yes, The Women's March Had Real Goals — A Lot Of Them

People on the National Mall.

Supporters, Detractors Describe Hopes For Trump's Presidency In 1 Word

About 500,000 protesters packed the National Mall for the Women's March.

Here Are Those 'Paid Protesters' Donald Trump Always Talks About

Want to see more stories like this?
Like Newsy on Facebook for More Middle East Coverage