Judiciary Clarifies Babak Zanjani Case, Details New Asset Recovery Mechanism
In a comprehensive press briefing, the spokesman for Iran’s Judiciary, Asghar Jahangir, provided significant updates on the high-profile financial case of Babak Zanjani, outlining a new judicial approach aimed at securing the rights of the nation.
A New Judicial Pathway for Economic Crimes
Addressing the complexities of major economic corruption cases, Jahangir explained that a new procedural mechanism, initiated by the head of the Judiciary, has been successfully implemented. This innovative approach ensures that court sentences are not only delivered but are also fully operationalized to guarantee the recovery of public funds, which had previously been a challenge.
Regarding the Zanjani case specifically, Jahangir detailed that despite a death sentence being issued, a significant portion of the convict’s assets had not been initially identified for seizure. Through diligent efforts and by order of the head of the Judiciary, a solution was found, enabling the country to gain access to the condemned properties.
Asset Verification and Transfer Process
Jahangir clarified the process: a dedicated working group comprising various domestic and international bodies, including government representatives and the Central Bank, was formed. This group meticulously assessed the authenticity, volume, and value of the identified assets. Following this evaluation, assets located abroad were repatriated to Iran. A portion was then formally handed over to the Central Bank, acting as the trustee for public funds. The Central Bank later publicly confirmed this transfer.
The Judiciary spokesman emphasized that the National Iranian Oil Company (NIOC) is the original and principal plaintiff in this case. The valuation and authenticity of the transferred assets were confirmed by NIOC, with all relevant documentation available.
Addressing Recent Media Claims
Jahangir firmly rejected recent media reports suggesting that the returned assets were less than Zanjani’s debt. He stated that all members of the working group confirmed that the value of the identified assets actually exceeded the convicted individual’s debt. He clarified that any assessment of whether a convict has settled their debts falls solely under the purview of the sentencing authority—the Judiciary—and the relevant plaintiff ministry (NIOC), dismissing the Central Bank’s recent comments on the matter as lacking any technical or expert basis.
Consequently, the Central Bank Governor was invited for a judicial notice, advising against any disruptive comments on the legal process. Similarly, Zanjani himself was officially warned to refrain from making provocative statements, under threat of legal action.
Broader Context: Resilience Against Psychological Warfare
During the briefing, Jahangir also touched upon broader international issues. He characterized the recent activation of the snapback mechanism by three European countries as a form of “psychological warfare” rather than a genuine threat. He asserted that the Iranian nation has a proven record of resilient resistance in the face of sanctions and hardships, and that such actions will not affect national unity.
The press conference also covered other judicial matters, including updates on escaped prisoners and the Judiciary’s nationwide crime prevention initiatives, which have reportedly led to significant reductions in various criminal activities.
