Iran’s Prosecutor General has refuted statements made by jailed tycoon Babak Zanjani in which he claimed to have cash assets of about 22 billion euros that could go toward portions of his debt.

Ebrahim Raisi

Ebrahim Raisi

Mehr reports that Ebrahim Raisi said on Thursday November 26 that a delegation was dispatched to Malaysia to investigate the matter and their findings contradict Zanjani’s assertions.

During the 8th session of his trial, Zanjani said he has 22 billion euros in cash. He said he had meant to keep that detail for the end of his trial but revealed it earlier because complainants had said he had no money.

Earlier, Zanjani’s statements regarding 22 million euros in cash were dismissed as lies by Iran’s Ministry of Justice and the head of the Central Bank.

Zanjani was involved in circumventing international sanctions in the sale of oil initiatives taken by the government of Mahmoud Ahmadinejad. He is accused of failing to return to the Oil Ministry some of the revenues generated by those sales.