Enigmatic Oil Magnate Babak Zanjani Released from Prison After Settling Massive Debts, Claims Lawyer
Tehran, Iran – Babak Zanjani, the Iranian oil magnate once sentenced to death for embezzling billions from oil sales, has been released from prison, announced his lawyer through social media late Saturday. This unexpected turn in Zanjani’s case ends years of legal proceedings that showcased significant corruption within Iran’s oil sector during the sanctions era. The announcement was made by Zanjani’s attorney, Rasoul Kouhpayehzadeh, on Instagram. Kouhpayehzadeh posted a photograph of Zanjani with a caption praising God, yet withheld specific details about the conditions or processes leading to his release. The vague nature of the … Read more