What is the story of the confiscation of Babak Zanjani's property in favor of Crescent?

Rasoul Kouhpayehzadeh, Attorney at Law:

Regarding the so-called Crescent case and the conviction of the Iranian government to pay huge damages of billions of dollars and subsequently the identification, seizure and confiscation of the properties of the Iranian government in the United Kingdom and the Netherlands, there are now reports of an attempt to seize and confiscate the assets of the client of Bank Zanjani in Malaysia in this regard, with the explanation that FIIB Bank in the Lavan region of Malaysia belongs to Babak Zanjani, whose money from the oil transactions of the client and the oil company were deposited into the accounts of this bank.

According to the news received, Crescent Petroleum intends to seize the bank's inventory and reserves with the permission of the court in order to collect part of its demand in order to enforce arbitration judgments against Iran.

The lawyer continued: "The very important point is that during the past 10 years that I have represented Babak Zanjani's case, the name of FIIB Bank was repeatedly mentioned during 26 court sessions. Unfortunately, despite numerous statements and my client's defense that the money deposited by the oil company is available in FIIB Bank, but due to sanctions, the account is blocked and cannot be transferred, but the plaintiff in the case and the Minister of Petroleum at the time always claimed during several interviews, including appearing on the Payesh TV program, that FIIB Bank has no credit and its total capital and balance does not reach $500,000and no money has entered this bank at all. This person claimed that Babak Zanjani's client had no money in Malaysia.

Kouhpayehzadeh added: "This was while we were in the process of investigation and during 26 court sessions we stated with documents and documents that this bank is valid and that this money has been transferred to the account of the Bank of Malaysia, but it cannot be transferred and transferred due to the sanctions."

Kouhpayehzadeh said: "Now the passage of time has determined the accuracy and legitimacy of the defense, if this bank was worthless and empty of funds, according to the Minister of Petroleum at the time, why is Crescent Petroleum now seeking to seize the funds of this bank in Malaysia?"

He added: "At that time, as a defense, we repeatedly announced that apparently there was no serious will on the part of some government officials to solve the problem and settle the client's debt, and despite the slogans they give, they seek to achieve their goals in political games rather than seeking to fulfill the rights of the treasury, and now with the passage of time, the reality of the matter has become clear."

The lawyer said: "If it were not for the prudence and support of the judiciary and the relevant security institution, the reality of Babak Zanjani's client's case would have been buried behind political controversies and my client's property would never have been returned to the country." Those who at that time, relying on the ministry's position, repeatedly accused my client of lying in the mass media and claimed that Babak Zanjani's client had no money outside the country and that his defense was untrue, now they must be held accountable before the nation, the law and the competent authorities. What property and funds are confiscated in Malaysia?