Iranian businessman sanguine about censure

By REUTERS
April 12, 2013 17:16

 
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ANKARA - An Iranian businessman named by the United States and the European Union for breaching sanctions against Iran said on Friday his blacklisting was giving him good publicity.

The US Treasury Department slapped financial penalties on Babak Zanjani and a network of companies on Thursday which it accuses of attempting to evade international sanctions on Iran's nuclear program by moving billions of dollars on behalf of the Iranian government.

Zanjani, who denies any wrongdoing, was already a target of EU sanctions, which described him in December as "a key facilitator for Iranian oil deals" and accused his Malaysia-based First Islamic Bank of being used to channel Iranian oil-related payments.

"We didn't have any problems in our business since the EU ban. Actually, business is much better compared to December," Zanjani told Reuters by telephone from Dubai, where several of his companies are based.

"Sanctions have provided publicity for us," he said.

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