Iran executes businessman for economic crimes

Iran executes businessman for economic crimes

Iran on Saturday executed a businessman sentenced to death by a fast-track court set up to fight economic crimes, state television reported, following an outcry against profiteering and corruption that has seen dozens of people jailed.

The new Islamic revolutionary courts - whose rulings cannot be appealed, except in the case of death sentences - were set up in August after Supreme Leader Ayatollah Ali Khamenei called for "swift and just" action to confront an "economic war" by foreign enemies after the US reimposed sanctions.

Hamidreza Baqeri-Dermani had been convicted of "spreading corruption on a grand scale", a capital offence under Iran's laws, for offences including bribery and fraud, Al Jazeera reported citing state television.

His death sentence by hanging was upheld by the supreme court this month.