From the Liveblog of
Thursday, June 29, 2017
Jury finds that NYC skyscraper owner violated Iran sanctions
Add ToI as a Preferred Source on GoogleA civil jury finds that the Iranian-American charity that owns a majority of a Manhattan skyscraper has violated sanctions against Iran.
The verdict is returned Thursday in a New York federal court.
The jury concludes after a monthlong trial that US government lawyers had proved that the Alavi Foundation hid Iran’s role in control of the building.
Acting US Attorney Joon Kim says the verdict will let the United States seize the 36-story Fifth Avenue building. He says the building valued at over a half billion dollars will represent the largest terrorism-related civil forfeiture in US history.
The government is seeking to turn over proceeds of a sale to holders of over $5 billion in terrorism-related judgments against the government of Iran.
Defense lawyers didn’t immediately comment.
— AP
The Times of Israel Community.