Thursday, November 12, 2009

U.S. Seizure Of Assets May Shed Light On How Iran Launder's Its Money

The Piaget building at 650 Fifth Avenue in Manhattan

US To Seize Skyscraper And Mosques Of 'Iran-Linked Muslim Group' -- The Telegraph

Federal prosecutors in New York took legal steps on Thursday to seize four mosques and a Fifth Avenue skyscraper from a Muslim group suspected of having ties to the Iranian government.

The US government, which has accused Iran of financing terrorism and trying to get hold of nuclear weapons, filed a civil complaint in federal court seeking the forfeiture of more than $500 million (£301 million) in assets controlled by a Shia Muslim charity called the Alavi Foundation.

The assets include Islamic centres in New York, Maryland, California and Houston, more than 100 acres of land in Virginia, and a 36-storey office tower in Manhattan.

Read more ....

More News On Today's Seizure Of Iranian Assets

U.S. alleges company laundered money for Iran
-- CNN
US Seeks Alavi's Stake In Piaget Building -- Wall Street Journal
U.S. moves to seize property housing an Islamic center -- L.A. Times
US mosques and New York skyscraper seized over Iran links -- The Guardian
US moves against Iran Muslim group -- Al Jazeera
US pursues 'Iran-linked' charity -- BBC
US seizing mosques, office tower over Iran ties -- Politico
US to seize mosques, skyscraper of Iran-linked group -- AFP

My Comment: This is going to hurt. The monies involved runs in the hundreds of millions.

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