TEHRAN - Iranian tycoon Babak Zanjani has claimed that he will settle a debt to the Oil Ministry by Monday.

The open court hearing of Zanjani was held on Saturday in branch 15 of the Revolutionary Court of Tehran. The court was presided by the Abolghasem Salavati, Mehr reported.
The super billionaire stands accused of massive corruption and fraud involving multiple credit cards even when he was under arrest.

Speaking in his defense, Zanjani said he was not guilty, but has become victim to ill-wishers who have set to spoil his reputation as a hardworking businessman with clean financial records.

SP/P