Thursday, June 29, 2017

Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds - The New York Times

Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds - The New York Times: The government can seize a skyscraper in Midtown Manhattan that it says is controlled by Iran, a jury concluded on Thursday, allowing federal prosecutors to complete what they called the largest terrorism-related civil forfeiture in United States history.

The jury, which deliberated for one day after a month of testimony, found that the Alavi Foundation, which owns 60 percent of the 36-floor skyscraper at 650 Fifth Avenue, violated United States sanctions against Iran and engaged in money laundering through its partnership with Assa Corporation, a shell company for an Iranian state-controlled bank that had owned the remaining 40 percent.

See original work for more on this and other stories.

No comments:

Post a Comment

Spamming will be removed.

Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.