• العربية
  • فارسی
Brand
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
  • Theme
  • Language
    • العربية
    • فارسی
  • Iran Insight
  • Politics
  • Economy
  • Analysis
  • Special Report
  • Opinion
  • Podcast
  • Live TV
All rights reserved for Volant Media UK Limited
volant media logo

Iranian oil tycoon Babak Zanjani released from prison, lawyer suggests

Dec 29, 2024, 14:50 GMT+0

Babak Zanjani, an Iranian oil tycoon convicted of embezzling billions of dollars in oil revenues and sentenced to death, has apparently been released from prison according to social media posts by his lawyer.

Rasoul Kouhpayehzadeh posted a photo of Zanjani on Instagram with the caption, "In the name of God, the Merciful, the Compassionate," but provided no further details.

The Instagram story, shared around midnight Saturday, has been covered by Iranian media outlets which sought in vain for details on how Zanjani won his release.

His lawyer had said in an earlier post that Zanjani had paid his debts and can legally be freed, without providing details.

"As the assets were returned to the country and the debt was fully settled, the Supreme Leader, upon the request of the Tehran Province Justice Department and the approval of the Chief Justice, granted clemency to my client, reducing their sentence to 20 years' imprisonment, his lawyer had said in April.

Zanjani was convicted in 2016 of misappropriating funds during sanctions-era oil sales, a case that symbolized corruption and mismanagement in Iran's oil sector.

Most Viewed

Iran routed up to $2.5 billion via China sanctions workaround in past year - Reuters
1

Iran routed up to $2.5 billion via China sanctions workaround in past year - Reuters

2

Tehran governor seeks return of schools used by military forces

3

Iranian engineer detained after protests presents camera feature at Apple launch

4

Houthis seize key Red Sea city as US prepares for prolonged Iran war

5

US warplanes damaged in Iran strikes on Jordan base

Banner
Banner
Banner

Spotlight

  • Russia may fill Iran gap if support for Yemen Houthis falters
    ANALYSIS

    Russia may fill Iran gap if support for Yemen Houthis falters

  • Bid to oust Pezeshkian exposes rift among Iran conservatives
    INSIGHT

    Bid to oust Pezeshkian exposes rift among Iran conservatives

  • Iran’s hardliners bet on escalation as options narrow
    ANALYSIS

    Iran’s hardliners bet on escalation as options narrow

  • Iranian protester still unable to walk despite 23 operations for gunshot wound
    EXCLUSIVE

    Iranian protester still unable to walk despite 23 operations for gunshot wound

  • Behind Iran’s display of mercy, the gallows keep working
    INSIGHT

    Behind Iran’s display of mercy, the gallows keep working

  • How body bags came to symbolize Iran's January killings
    ANALYSIS

    How body bags came to symbolize Iran's January killings