Babak Zanjani

Iran's supreme court has upheld the death penalty against Iranian businessman Babek Zanjani for corruption, the judiciary said on Dec. 3, a sentence critics say will mask the identity of senior officials who supported him. 

Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami on March 21, holds the vast majority of Iran's jailed billionaire tycoon Babak Zanjani's fortune, according to documents held by Iran, Iranian MP Amir Abbas Soltani has stated.

There is a celebratory mood in anti-government circles in Turkey over the arrest in the U.S. of Reza Zarrab, the Turkish businessman of Iranian origin, who is reportedly also a citizen of Iran and Azerbaijan. He is charged with conspiring to evade U.S. sanctions and transferring hundreds of millions of dollars to the Iranian administration headed by then President Mahmoud Ahmadinejad.

Iran's billionaire tycoon Babak Zanjani has been sentenced to death for corruption, a judicial official said March 6, after a trial in which he was accused of fraudulently pocketing $2.8 billion.

Turkey needs to be as courageous as neighboring Iran concerning corruption allegations involving governmental officials, the country's main opposition leader said, recalling how Iran has charged Babak Zanjani, an Iranian businessman currently imprisoned in Iran on corruption charges who was connected to Turkey's massive 2013 graft case.

The deputy prosecutor has said asked the seizure of all wealth of Babek Zanjani, an Iranian businessman currently imprisoned in Iran on corruption charges who is also connected to Turkey?s massive 2013 graft case, claiming that Zanjani committed swindling and money laundering crimes in Turkey, Malaysia, Tajikistan and the UAE.

Babek Zanjani, an Iranian businessman currently imprisoned in Iran on corruption charges and a figure connected to Turkey's massive graft case from 2013, has confessed to having 15 billion euros worth of assets abroad, the case's deputy prosecutor has said.

The deputy prosecutor added that Zanjani made banking and money transactions in Turkey, Iraq, Tajikistan and Malaysia. 

The airline company of Babak Zanjani, an Iranian businessman who is accused of being involved with corruption with former Iranian government officials, has been confiscated by the government, an Iranian official has said.

Iranian First Vice President Eshaq Jahangiri has accused the former Iranian government of transferring huge amounts of money to Istanbul and Dubai in order to keep currency rates under control.

With the government unwilling to probe Iranian links with alleged graft in Turkey, Turkey's opposition plans a trip to Tehran to investigate Turkey's two biggest opposition parties plan to send separate delegations to Iran to receive related documents over alleged relations between four former ministers of the Turkish Cabinet, Iranian-origin businessmen Reza Zarrab and billionaire Iranian busi