Babak zanjani biography
Babak zanjani biography
Babak zanjani net worth.
Babak Zanjani
Iranian businessman (born )
Babak Zanjani (Persian: بابک زنجانی, born 12 March )[1] is an Iranian billionaire and business magnate.
He was the managing director of the UAE-based Sorinet Group, one of Iran's largest business conglomerates.[3] In late , he was arrested and accused of withholding $ billion of government money owned by the Ministry of Petroleum, while facilitating Iran's oil revenue, which was hindered by the sanctions against Iran.
Zanjani was convicted of corruption and sentenced to death. In , while awaiting execution, the Supreme Court of Iran indicated that the sentence would be commuted when his debts to the Iranian government were paid, and stayed his sentence, pending return of the embezzled funds.
Several commentators have stated that Zanjani is perhaps a "fall guy" for corruption scandals in Iran.[4][5][6]
Sorinet Group
Sorinet Group (Persian: گروه شرکتهای سورینت) is an Iranian busine