INTERNATIONAL - The state news agency IRNA on Saturday (03/12/2016), reported that the Islamic Republic's Supreme Court strengthens the death sentence against the country's leading tycoons.
Iran's renowned conglomerate, Babak Zanjani (42), was sentenced to death by a Tehran court in March 2016.
However, he later appealed Zanjani or consideration for re-examination rendak court decision to a higher court.
Iran's Supreme Court confirmed the decision of the lower courts.
Zanjani proven lodged various criminal cases, including money laundering and it also damages the nation's economy.
Two years earlier, a billionaire Iran, Mahafarid Khosrvai Amir alias Amir Mansour Aria, was executed for having taken part defraud a state bank of 2.6 billion US dollars in the biggest fraud case since the Islamic Revolution of Iran in 1979.
Khosrvai aka Aria executed in Evin prison, located north of the capital city of Tehran.
While Zanjani arrested in 2013 as part of a government crackdown on alleged cases of corruption in the administration of President Mahmoud Ahmadinejad.
Iranian Oil Ministry said Zanjani owes more than two billion euros, equivalent to Rp 28.7 trillion on oil sales made on behalf of the government of Ahmadinejad.
Zanjani is one of Iran's richest businessman with a fortune worth around 14 billion US dollars or equivalent to Rp 188.2 trillion.
He was arrested shortly after the election of President Hassan Rouhani.
The death sentence on billionaire Babak Zanjani has been tapped at a rate lower court sentenced to death for convicted guilty of corruption.
In the trial in court in March, Zanjani convicted of pocketing money amounted to 2.8 billion US dollars.
Men born March 21, 1974 was named full Morteza Babak Zanjani and became famous in the era of President Mahmoud Ahmadinejad.
He found a way to funnel money to Tehran despite financial sanctions being imposed on the country's banks as punishment for Iran's nuclear program.
Zanjani was convicted of fraud and economic crime. He also had to pay a fine to the state. Mohseni did not say how much money should be paid Zanjani.
However, Zanjani himself has repeatedly denied stealing state funds from the sale of oil on behalf of the government of Ahmadinejad.