Iran commutes a tycoon's death sentence to 20 years in prison

Babak Zanjani News

Iran commutes a tycoon's death sentence to 20 years in prison
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TEHRAN, Iran (AP) — Iran’s judiciary said Tuesday that it commuted a death sentence for a tycoon to 20 years in prison after he returned around $2.1 billion ...

U.S. wages increase by most in a year in the first quarter, feed case for Fed to 'take its time'to 20 years in prison after he returned around $2.1 billion in assets from illegally selling oil abroad, the official IRNA news agency reported.

Jahangir said as part of Zanjani's 2016 sentence, he had the right to an amnesty or commutation of his death sentence if he returned the assets, compensated for damages and expressed regret for wrongdoing. The spokesman said that Zanjani cooperated with the judiciary to locate the assets abroad in recent years while he was in prison, and all the money was returned.

In 2018, then President Donald Trump pulled the U.S. out of a nuclear deal with Iran that had aimed to lift sanctions on Iran in return for the capping of the country's nuclear activities. Since then, Iran has found it difficult to sell its crude, the country's main source of foreign revenue. After Trump's unilateral withdrawal from the deal, Iran’s rial currency tumbled.

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