Wednesday, 18 September 2013

BBC News - New York office tower seized over payments to Iran

BBC News - New York office tower seized over payments to Iran:

"
A building at 650 Fifth Avenue is seen in the midtown Manhattan section of New York, 13 November 13, 2009.The building at 650 Fifth Avenue is in the midtown Manhattan section of New York
An office tower in Manhattan that prosecutors claim is secretly owned by Iran is to be seized by US authorities.

The seizure would be the "largest-ever terrorism-related forfeiture," the US justice department said.

Prosecutors said the Fifth Avenue building's owners funnelled rent income to Iran's state-owned Bank Melli in violation of sanctions.

One owner, the Alavi foundation, said it was "disappointed" with the ruling and planned to appeal."

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