Zanjani’s 15th court session begins

Tehran, Nov 24, IRNA – The 15th court session of the oil billionaire, Babak Zanjani, and two other defendants started here on Tuesday.

Presiding judge, Abolqasem Salavati, judged today session like the previous ones.

Zanjani concluded reading out his 200-page defense document during the 14th court session held yesterday.

Salavati has urged Zanjani to fully pay his debts to oil ministry which is around two billion euros.

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 dollars.

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

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

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