Zanjani’s 10th court session due tomorrow

Tehran, Nov 16, IRNA – The ninth court session of the oil billionaire, Babak Zanjani, and two other defendants wrapped up on Monday.

The tenth court hearing will be held tomorrow (Nov 17).

Presiding judge, Abolqasem Salavati, commented that today’s session was similar to the seven previous ones.

First, second and third court sessions of Zanjani and two others were held on October 3, 4 and 5. The fourth and fifth sessions were also held on October 31 and November 1 respectively.

Meanwhile, the six and the seventh court session of the oil billionaire were held on Nov 9 and 10 respectively.

Zanjani, 41, was arrested on December 30, 2013, on charges of corruption. He is one of Iran’s wealthiest businessmen, with a fortune worth an estimated $14 billion.

Zanjani and two other respondents face money laundering charges lodged in a 40,000-page law suit which led to his indictment.

The two defendants are facing charges of complicity in money laundering, forgery and fraud.

Zanjani was jailed in 2013 when charges were brought up against him for misappropriating two billion euros belonging to the Ministry of Petroleum.

So far, Zanjani has undergone 40 interrogation sessions, and 200 people were served subpoenas and questioned as informed suspects.