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Iran businessman’s $2 billion never blocked, say investigators

Despite his claims, an Iranian investigative team has revealed that Babak Zanjani's money was never blocked in foreign banks.
EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on leaving the office to report, film or take pictures in Tehran.

A customer buys Iranian gold coins at a currency exchange office in Tehran's business district October 24, 2011. Iranian media reported last week that monetary authorities had reversed a six-month-old decision to cut interest on bank deposits, aiming to mop up excess cash in the economy and halt a dangerous rise of inflation. The news made sense to economists,

An investigation into the business dealings of one of Iran’s richest and most flamboyant businessman has countered claims of blocked money and revealed a deeper network of corruption.

Reformist newspaper Shargh’s Amene Shirafkan spoke to members of parliament’s Article 90 Committee and other officials involved in the high profile case.

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