Iranian businessman denies EU sanctions-busting accusation

By REUTERS
December 23, 2012 16:46

 
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DUBAI - An Iranian businessman named by the European Union for breaching sanctions against Iran denied any wrongdoing on Sunday, saying his bank and other companies did not work for the Iranian government.

"This is a mistake," Babak Zanjani told Reuters, speaking in his office in a high-rise tower in a financial district of Dubai a day after the sanctions came into force.

Neither his Malaysia-based First Islamic Bank nor his more than 60 other companies had done anything wrong, he said.

In the latest sanctions, agreed by the EU in October and put into effect on Saturday, Zanjani was subjected to "restrictive measures", forbidding EU companies or individuals doing Iran-related business with him.

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