Iran Oil Minister: Embezzlements of Over 400 Billion Tomans (300 Million US Dollars) have Taken Place

Babak Zanjani, an Iranian merchant and capitalist who calls himself an “economic Basiji”, was arrested during regime infighting. He is charged with having a debt of 8.2 billion dollars owed to the Oil Ministry. Last month, Mostafa Pourmohammadi, Rouhani’s Minister of Justice, announced: “The total property of Babak Zanjani is not enough to cover his debts and his debts are equal to one year of Iran’s development budget.” From January 21st until February 17th, 2014, there were nine cases of suicide due to poverty recorded in regime websites. The last such suicide happened when Rouhani visited the National Oil Company and a retired employee of the company set himself ablaze.