Verdicts of oil case defendants to be issued soon

Tehran, Feb 10, IRNA – Presiding judge Abolqasem Salavati said the verdict of oil case defendants will be issued in near future.

Judge Salavati made the remarks during the 26th session oil billionaire Babak Zanjani and two other defendants’ court hearing that was held openly in Tehran on Wednesday.

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 other 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.