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Assets seized

February 14-2014

The Judiciary says it has seized the assets owned by Babak Zanjani (photo), the high-flying businessman holding billions of dollars he got selling oil on behalf of the Iranian government.  Zanjani agrees he owes the money to the government but says the funds are locked up abroad as a result of the US sanctions.  The Judiciary did not give any value for the assets seized.  Zanjani is known to have much of his assets abroad.

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