Irans Justice Minister Mostafa Pourmohammadihas announced the arrestof more than 10? anti-corruption officials on fraud charges. In the Government Discretionary Punishments Organisation (GDPO), some of our colleagues have been corrupted, Pourmohammadi said on Sunday. In line with the fight against corruption, more than 10 colleagues in GDPO, most ...

(Reuters) - While international sanctions have made life a struggle for many Iranians, they were a big break for businessman Babak Zanjani, who made a fortune helping the government evade the restrictions on oil sales. He also made enemies. A $40,000 watch on his wrist and a Tehran football club for a plaything, Zanjani shuttled to meetings on private ...

Irans oil minister has reiterated concerns that Babak Zanjani, the Iranian tycoon who is currently under arrest on suspicion of financial fraud, owes a debt of over two billion euros to the oil ministry. The Mehr News Agency reports that Bijan Namdar Zanganeh said the ministry has not received the money, and the documents Zanjani submitted to the ...

The billionaire Iranian businessman Babak Zanjani has been arrested, state media report. In September, Iran's parliament began investigating his business dealings after he was accused of withholding $1.9bn (1.2bn) of oil revenue meant to be channelled through his companies. Mr Zanjani, who claims he is worth $13.5bn, has denied the allegation. The ...