Judiciary Announces Breakthrough in High-Profile Financial Case, Ensures Public Funds Recovered
In a significant development regarding one of Iran’s most complex financial cases, the Judiciary has detailed the successful operationalization of a verdict against businessman Babak Zanjani, ensuring the recovery of funds for the nation.
A New Judicial Approach for National Benefit
Speaking at a press conference, Judiciary Spokesman Asgar Jahangir outlined a new procedural initiative spearheaded by the head of the Judiciary. This innovative approach aims to transform such convictions into actionable outcomes that guarantee the rights of the nation and ensure the practical execution of court rulings.
“In cases of this magnitude concerning economic corruption, we have, unfortunately, seen instances where the accused evade justice or where court-ordered restitution fails to be operationalized, leaving public rights unfulfilled,” Jahangir stated. “Through this new procedure, a concerted effort has been made to direct such convictions towards a path that definitively secures the people’s rights.”
The Zanjani Case: From Conviction to Asset Recovery
Jahangir clarified the specifics of the Zanjani case. Despite a previous death sentence being issued, a significant portion of the assets subject to the court’s ruling had not been identified for recovery. Following a direct order from the head of the Judiciary, a solution was found to provide the country with access to the convicted assets.
A specialized working group, comprising various domestic and international bodies including representatives from the government and the Central Bank, was formed. This group meticulously evaluated the authenticity, validity, volume, and value of the identified assets. Subsequently, assets located abroad were repatriated, and a portion was formally delivered to the Central Bank, acting as a trustee for public funds. The Central Bank later officially confirmed this transfer.
The spokesman emphasized that the National Iranian Oil Company (NIOC) was the primary plaintiff in the case from the outset. The value of the assets recovered and delivered was assessed and confirmed by the NIOC, with all relevant documentation in order. Jahangir noted that the value of the assets transferred even exceeded the convicted debt, a fact verified by all members of the working group.
Addressing Misinformation and Upholding Legal Authority
Jahangir addressed recent media reports questioning the completeness of the asset recovery, stating they “lack any solid legal evidence.” He firmly clarified that determining whether a convicted individual has settled their debts falls solely within the purview of the sentencing authority—the Judiciary—and the relevant plaintiff ministry (NIOC), not other entities.
“In a period where the country needs calm, we must not act in a way that causes public anxiety,” Jahangir advised. He revealed that following recent statements, necessary judicial notices were issued to the Governor of the Central Bank, recommending against disrupting the legal process and refraining from provocative comments. Similarly, Zanjani himself was warned by judicial authorities to avoid making inflammatory statements, lest he face necessary legal action.
A Broader Stance on International Affairs
During the press conference, Jahangir also commented on broader international issues. He characterized the recent activation of a sanctions mechanism by three European countries at the UN as an illegal move lacking legitimacy. He described it as more of a “psychological tool” than a real threat, aimed at targeting the morale of the Iranian people—a people with a proven record of resilience in the face of sanctions and hardships.
He called for media unity, urging all to adopt a smart media strategy in the face of such psychological warfare and to avoid any discourse contrary to national unity.