Ayatollah Khamenei’s Business Empire Exposed

November 12, 2013 16:44

Reuters blows the lid on Setad, Ayatollah Khamenei’s $95 billion business empire. Read an overview or part one of the fuller report.

220px-Grand_Ayatollah_Ali_Khamenei,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 . . .

Through Setad, Khamenei has at his disposal financial resources whose value rivals the holdings of the shah, the Western-backed monarch who was overthrown in 1979.

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.

Source material can be found at this site.

In Case You Missed It:  Obama Holdovers with Terrorist Connections Still Employed by the DoJ
Posted in Financial, Terrorism and tagged , , , , , .

Leave a Reply

Your email address will not be published. Required fields are marked *

Optionally add an image (JPEG only)


This site uses Akismet to reduce spam. Learn how your comment data is processed.