Iran Tycoon

Hossein Shamkhani, the son of Iran's former national security chief, has emerged as a major player in the global oil market, a Bloomberg report says.

Iran's Supreme Court has confirmed the death sentence against a well-known tycoon, the country's state-run news agency reported on Saturday.

Iran's planned execution of billionaire Babak Zanjani for corruption will mask the identity of senior officials who supported him, say the president and two lawmakers independently assessing a case that has fuelled public cynicism about political graft.

Iran's billionaire tycoon Babak Zanjani has been sentenced to death for corruption, a judicial official said Sunday, after a long trial in which he was accused of fraudulently pocketing $2.8 billion.

Hossein Shamkhani, the son of Iran's former national security chief, has emerged as a major player in the global oil market, a Bloomberg report says.

Iran's Supreme Court has confirmed the death sentence against a well-known tycoon, the country's state-run news agency reported on Saturday.

Iran's planned execution of billionaire Babak Zanjani for corruption will mask the identity of senior officials who supported him, say the president and two lawmakers independently assessing a case that has fuelled public cynicism about political graft.

Iran's billionaire tycoon Babak Zanjani has been sentenced to death for corruption, a judicial official said Sunday, after a long trial in which he was accused of fraudulently pocketing $2.8 billion.