Iranian tycoon said arrested
Babak Zanjani, blacklisted by the US for trying to avoid sanctions, detained on corruption charges
Iranian billionaire Babak Zanjani (screen capture: YouTube/Lenziran Newsvideo)
TEHRAN, Iran — Iran’s official news agency said tycoon Babak Zanjani has been arrested over corruption charges.
IRNA quoted state prosecutor Gholam Hossein Mohseni Ejehi. Ejehi didn’t elaborate but the Central Bank of Iran said last week that Zanjani, believed to be a billionaire several times over, has not paid money from oil sales to the bank.
The US has blacklisted him for allegedly attempting to evade economic sanctions against Iran.
IRNA said in its Monday report that Zanjani was taken to Evin prison, north of Tehran.
Calls to his Sorinet Group were not returned.
Copyright 2013 The Associated Press.
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