Iranian-German national and US resident Jamshid Sharmahd pictured during his trial at the Revolutionary Court in Tehran in 2022. Mizan news via AP
Iranian-German national and US resident Jamshid Sharmahd pictured during his trial at the Revolutionary Court in Tehran in 2022. Mizan news via AP
Iranian-German national and US resident Jamshid Sharmahd pictured during his trial at the Revolutionary Court in Tehran in 2022. Mizan news via AP
Iranian-German national and US resident Jamshid Sharmahd pictured during his trial at the Revolutionary Court in Tehran in 2022. Mizan news via AP

German-Iranian citizen Jamshid Sharmahd died before execution could be carried out, Tehran says


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German-Iranian citizen Jamshid Sharmahd, who Iran previously claimed was executed last week, died before the sentence could be carried out, the country's judiciary said on Tuesday.

Judiciary spokesman Ali Asghar Jahangir said authorities were ready to execute Mr Sharmahd "but fate offered no reprieve".

“He died before the execution could proceed,” he was quoted by the judiciary's Mizan news agency as saying.

Mr Sharmahd, a long-time US resident, was accused by Iran of sharing information on missile launch sites and planning a mosque bombing that killed 14 people, claims denied by his family and human rights groups. Iran's judiciary announced his execution last Monday after he was convicted of "corruption on Earth", a charge punishable by death.

Amnesty International said Mr Sharmahd had received a “grossly unfair trial", a claim often levelled at Tehran's judiciary by rights groups, which say Iran carries out closed-door trials with no due process. His execution prompted renewed condemnation of Iran, where more than 660 people have been executed this year, according to the Oslo-based NGO Iran Human Rights (IHR).

Mr Sharmahd's daughter, who had campaigned for his release and accused Washington of abandoning her father, said Iran "must be punished" for his death. “We do not want any statements or condolences that do not include the immediate return of my father, dead or alive, and a severe punishment for the Islamic regime murderers,” Gazelle Sharmahd wrote on X last week.

Germany closed Iranian consulates in Hamburg, Munich and Frankfurt in response to Mr Sharmahd's execution, with Foreign Minister Annalena Baerbock branding Tehran "an inhumane regime". Iran has hit out at Berlin over the move, with Mr Jahangir saying Germany has no right to "interfere" in its judicial process.

"It is our legal right to deal with the crimes of our own citizens," he said on Tuesday.

IHR director Mahmood Amiry-Moghaddam said Tehran claimed Mr Sharmahd died of a stroke. The announcement aimed "to prevent further action from the European Union" in response to the execution, added Mr Amiry-Moghaddam, who called for an independent delegation to be sent to Iran to verify the cause of death.

Three others were sentenced to death in West Azerbaijan province on Tuesday, the judiciary announced, saying the trio were involved in the Israeli assassination of Iranian nuclear scientist Mohsen Fakhrizadeh, who was shot dead in 2020. Mr Jahangir said the men were "Israeli spies" who had smuggled weapons into the country as part of the assassination operation.

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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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UAE currency: the story behind the money in your pockets
Updated: November 05, 2024, 12:53 PM`