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Khamenei Controls Massive Financial Empire Built On Property Seizures

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http://www.reuters.com/investigates/iran/#article/part1

Setad has become one of the most powerful organizations in Iran, though many Iranians, and the wider world, know very little about it. In the past six years, it has morphed into a business juggernaut that now holds stakes in nearly every sector of Iranian industry, including finance, oil, telecommunications, the production of birth-control pills and even ostrich farming.

The organization's total worth is difficult to pinpoint because of the secrecy of its accounts. But Setad's holdings of real estate, corporate stakes and other assets total about $95 billion, Reuters has calculated. That estimate is based on an analysis of statements by Setad officials, data from the Tehran Stock Exchange and company websites, and information from the U.S. Treasury Department.

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How Setad came into those assets also mirrors how the deposed monarchy obtained much of its fortune - by confiscating real estate. A six-month Reuters investigation has found that Setad built its empire on the systematic seizure of thousands of properties belonging to ordinary Iranians: members of religious minorities like Vahdat-e-Hagh, who is Baha'i, as well as Shi'ite Muslims, business people and Iranians living abroad.

Setad has amassed a giant portfolio of real estate by claiming in Iranian courts, sometimes falsely, that the properties are abandoned. The organization now holds a court-ordered monopoly on taking property in the name of the supreme leader, and regularly sells the seized properties at auction or seeks to extract payments from the original owners.

The key to wealth is clearly property. Just like Orwell's Animal Farm some people are more equal than other.

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http://www.reuters.com/investigates/iran/#article/part1

The key to wealth is clearly property. Just like Orwell's Animal Farm some people are more equal than other.

just like elements of the papacy still believe it is just to confiscate the property of "heretics"

will be interesting when popey and the mad mullah go head to head won't it?

...both believe the other side are heretic....it's just presently they haven't got the balls to confron each other directly, so they both set up the smoke and mirrors to get other patsies doing their dirty work

light the blue touch-paper and retire!!! :P

I love testimony in songs!!!...this is a cool game!

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=video&cd=1&cad=rja&ved=0CDgQtwIwAA&url=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DQYEC4TZsy-Y&ei=HkeBUo-OC8yQ0QWOroGADg&usg=AFQjCNGFVOxMbWIJpDrDjlQSsHGeBwKGEw&bvm=bv.56146854,d.d2k

Edited by oracle

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