One of Tajikistan's most prominent businessmen was reportedly arrested this week in his native Iran, suspected of embezzling $1.9 billion in illicit oil revenues.
Babak Zanjani, whom the US Treasury Department and the European Union have blacklisted for helping Tehran launder oil money, was arrested on December 30, the BBC and local media reported. Zanjani, who denies the charges, has been under investigation since September, shortly after President Hassan Rouhani – who has called on authorities to fight "privileged figures" who have "taken advantage of economic sanctions” – assumed office.
Zanjani has admitted helping Iran earn $17.5 billion in hard currency by selling its oil through his network of companies in Dubai, Turkey and Malaysia, evading Western sanctions designed to pressure Tehran to give up its nuclear program.
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