On August 28th I had an op.ed run in The Hill under the title of “Time to end the dangerous shell game”.
September 17, 2013
U.S. to seize Manhattan skyscraper secretly owned by Iran
The U.S. government is set to seize a Manhattan skyscraper that prosecutors say is secretly owned and controlled by the Iranian government.
The 36-story tower is located on Fifth Avenue in the heart of New York City, adjacent to Rockefeller Center, and is home to a number of corporate tenants. Preet Bharara, the U.S. attorney in Manhattan, said Tuesday that the seizure and sale of the property would be the government’s largest-ever terrorism-related forfeiture.
The building was constructed in the 1970’s by a non-profit organization operated by the Shah of Iran, who was overthrown at the end of that decade. Today, the property is 60% owned by that organization, now called the Alavi Foundation, and 40% owned by Assa Corporation.
Bharara said the government would use proceeds from the pending seizure to compensate the families of victims of Iranian-sponsored terrorism.
“We have reviewed the decision and disagree with the court’s analysis of the facts and the law,” the organization said in a statement. “The Foundation was ready for trial and is disappointed that it did not have the opportunity to rebut the Government evidence before a jury.”
Prosecutors originally filed a complaint in 2008 seeking forfeiture only of Assa Corporation’s stake, though the complaint was later revised to include the Alavi Foundation’s assets as well.