Title: Final Deadline Issued in Zanjani Case as Judiciary Demands Settlement of €2 Billion Debt
Tehran – In a definitive legal move, Iran’s Judiciary has granted businessman Babak Zanjani a two-month deadline to fully settle his massive €2 billion debt to the National Iranian Oil Company (NIOC). Judicial authorities have indicated that this period is likely the final legal opportunity for Zanjani, placing his high-profile case at a critical juncture.
A Fraction Repaid
According to reports from a member of the Iranian Parliament’s Economic Commission, only approximately €16 million of the total €2 billion debt has been repaid so far. This figure represents less than one percent of the outstanding amount. The parliamentary official emphasized that Zanjani must prioritize settling this significant public debt over engaging in peripheral matters.
Previous Proposals Rejected
The path to resolving this financial obligation has been complex. In earlier stages of the proceedings, Zanjani reportedly proposed settling the remainder of the debt through the transfer of a precious metal and by utilizing an unverified cryptocurrency. Both of these proposed methods were formally rejected by the relevant regulatory bodies as unacceptable. Furthermore, his claim that cash amounts were seized in an FIIB account by the Crescent company has also been officially denied.
A Conclusive Opportunity
With the insistence of the judicial apparatus, this new two-month window has been provided and is rationally considered to be the conclusive opportunity for settlement. The outcome of this judicial ultimatum is poised to have a profound impact on Zanjani’s financial and legal future, marking a decisive moment in this long-standing case.