Babak Zanjani’s death sentence for sanctions evasion upheld in Iran

tehran-1Babak Zanjani, an Iranian businessman who was sentenced to death in March this year on charges of defrauding the Iranian government and circumventing sanctions on Iran’s oil industry (see previous blog), has had his sentence upheld by Iran’s Supreme Court. Mr Zanjani admitted using businesses in Turkey, Malaysia, and the UAE to sell oil on behalf of the Iranian government since 2010.  He was accused of embezzling $2.8bn of profit from those sales; he stated that the money was not paid because of sanctions preventing him from doing so.

Mr Zanjani had his EU listing annulled by the European court in 2014, but was re-listed shortly thereafter (see previous blog). He was then de-listed earlier this year when the JCPOA nuclear deal was implemented.

This entry was posted in Iran by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

Please Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s