A court of appeal in the UK has issued its final verdict on a controversial case known as the missing Iranian offshore oil rig while ordering suspects in the case to compensate to Iranian Offshore Engineering & Construction Co. (IOEC), Fars News Agency reported.
The UK court ruled that three Iranian suspects involved in a 2012 deal between a UK-based company and the IOEC that had been intended to buy an offshore oil rig should return Rial 24 Tln worth of funds (over $88 Mln) to the IOEC.
The three suspects, identified as Ali Taheri Motlagh, Morad Shirani and Reza Mostafavi Tabatabaei, had acted as IOEC officials or as middle man in a controversial deal that was never fulfilled.
Under the deal, the IOEC had been supposed to take delivery of Fortuna, a used oil rig owned by a Romanian businessman, through a company set up in the UK. It came as the Iranian officials at the time were struggling to bypass a previous round of international sanctions on the country’s nuclear program.
However, Oil Ministry officials later revealed that the rig had never been delivered to the IOEC and that the funds had been stolen.
The report by Fars News did not elaborate the source of its information about the court ruling issued in the UK.
Iranian courts had already sentenced the three suspects in the case to various prison terms without including financial compensations.