USA v. Assa Corp, et al.
[SDNY] The Manhattan U.S. Attorney filed an amended civil complaint seeking forfeiture of the Alavi Foundation's interest in a 36-story office tower located at 650 Fifth Avenue in Midtown Manhattan (the "Building"). The Building is owned by 650 Fifth Avenue Company, a partnership between the Alavi Foundation and Assa Corporation. The original complaint, which was filed in December 2008 and amended November 2009, sought forfeiture of Assa Corporation's interest in the Building. The amended Complaint alleges that the Alavi Foundation has been providing numerous services to the Iranian Government and transferring funds from 650 Fifth Avenue Company to Bank Melli, a bank wholly owned and controlled by the Government of Iran.
Related Topics: Prosecutions, Terror Financing