Corruption Trial Uncovers Links Between Money and Iranian Politics

From the Financial Times

“For years I have put my life at risk for God and this country,” Babak Zanjani, dressed in blue striped prison uniform, told a Tehran court on October 31. “I have been imprisoned for two years under difficult conditions in a small room which is like a toilet.”

Iran’s most notorious billionaire, who has claimed he has more than 60 companies inside and outside Iran, stands accused of corruption, fraud and forging documents. In his defence, Zanjani claims he served his country by helping its authorities manoeuvre around EU and US oil and banking sanctions introduced in 2012 “when Iran could not sell one barrel of crude nor could transfer one US dollar”.

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