Oregon Telegraph
OregonTelegraph.com Wednesday 22nd February 2012 Issue 053/2012
Follow us on Follow us on TwitterFollow us on facebook
  • More United States News

    Get United States News headlines emailed to you daily.

    U.S. Justice Departments swoops on NYC skyscraper
    Oregon Telegraph
    Friday 13th November, 2009  
    (IANS)


    The US government moved to seize a New York skyscraper controlled by entities allegedly operating as fronts for an Iranian bank already under sanctions, the Justice Department said.

    The Justice Department filed a complaint in civil court seeking the forfeiture of the Alavi Foundation's interest in a 36-storey office tower, located at 650 Fifth Avenue in Manhattan.

    The Alavi Foundation controls the building in partnership with the Assa Corporation. The US government has already moved against Assa and accused both organisations of funnelling money to Tehran through the Iranian state-run Bank Melli.

    The US accuses Bank Melli of helping to finance Iran's nuclear and missile activities and bans US citizens and firms from doing business with the bank.

    In addition to the skyscraper, the complaint seeks the forfeiture of other assets belonging to the firms, including properties in New York, Maryland, Virginia, Texas and California. Reportedly among the properties are three mosques, the Justice Department said Thursday.

    The US government placed sanctions in 2007 on Bank Melli and other Iranian financial firms.


      Email this story to a friend

    Have your say on this story

    Your nickname (required)
    Message