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                                        Volume. 11889

Iran arrests billionaire Babak Zanjani on financial corruption charges
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c_330_235_16777215_0___images_stories_edim_02_at2(74).jpgTEHRAN – Iranian billionaire business tycoon Babak Zanjani has been arrested on financial corruption charges, Prosecutor General and Judiciary spokesman Gholam-Hossein Mohseni-Ejei said on Monday.
 
Zanjani was arrested so that he would not flee the country, Mohseni-Ejei said, according to the Fars News Agency.
 
He declined to give more details.
 
A number of Iranian lawmakers recently sent a letter to the heads of the three branches of government and called for an inquiry into Zanjani’s financial activities. 
 
Zanjani has been blacklisted by the European Union and his accounts were frozen by the United States Treasury in April 2013 for taking measures to circumvent sanctions against Iran.
 
He owns and operates many holdings and companies, including the Sorinet group, Qeshm Airlines, and the Rah Ahan Football Club in Iran. 
 
MT/EP/HG 

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