20 Apr 2024
Tuesday 10 May 2016 - 16:05
Story Code : 213328

The downfall of two Iranian tycoons

TEHRAN, IranThe Iranian tycoons Babak Zanjani and Reza Zarrab are now both finding themselves in dire straits. Zanjani, one of the most well-known magnates in Iran, has been sentenced to death for allegedly not paying backmoney owed to the Oil Ministry from oil exports he arranged under the sanctions era. Zarrab, an Iranian-born businessman who only years ago was exonerated of alleged bribery, corruption and being involved in asmuggling racket that involved several Turkish Cabinet members, is now in detention in the United States under money laundering charges, among other allegations. He wasarrested in Floridaon March19 over an indictment filed in federal court in Manhattan.

In an exclusive interview with Al-Monitor, Amir Abbas Soltani, an Iranian lawmaker and a member of the parliamentary committee tasked with pursuing the Zanjani case, claims Zarrab traveled to the UnitedStateson purpose in order to get caught. Soltani said, There is no difference between Zarrab and Zanjani. Plus, Zarrab is an important person, the key figure to this [Zanjani] corruption case.

Zarrab intentionally visited the US and surrendered himself based on a premeditated plan. Following Zanjanis case in Iran, he sensed a lurking threat awaiting him. He thought he would be captured by Iranian officials if he stayed in Turkey, Soltani toldAl-Monitor.

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This article was written by Rohollah Faghihi for Al-Monitor on May 9, 2016. Rohollah Faghihi is a journalist who has worked for various Iranian media organizations including the Entekhab news site.
https://theiranproject.com/vdcirparvt1azp2.ilct.html
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