19 Apr 2024
Tuesday 5 December 2017 - 15:30
Story Code : 285612

The real reason Iranian media is fixated on Zarrab case

Al-Monitor | : Turkish-Iranian business tycoon Reza Zarrabs testimony in a US court has received extensive coverage in Iranian media; however, this coverage doesnt stem from his real charge in the United States, which is bypassing the sanctions against Tehran, but rather because he has been linked to a controversial billionaire tycoon who is now in jail in Iran: Babak Zanjani.


Prior to reaching a deal over its nuclear program in 2015, Iran and its oil industry were under heavy sanctions. Sanctions were circumvented through middlemen who arranged oil exports and received the money instead of the government in Tehran. Zanjani was one of the most important middlemen; he made alot of money and livedluxuriously.One reporteven said he was the 65thrichest man on earth, with an estimated wealth of $13.5 billion.However, Irans Oil Ministry fileda lawsuit against him for not paying back money owed to the ministry from oil exports, and Zanjani wasjailed and sentenced to death.

Amir Abbas Soltani, a former Iranian lawmaker and a former member of the parliamentary committee tasked with pursuing the Zanjani case, said Zarrabis the black box of Zanjanis case.

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