The U.S. Attorney’s office has seized ownership of a skyscraper in New York City, alleging that it was secretly owned and operated by the Iranian Government.
The structure at 650 Fifth Avenue, a 36-story building near Rockefeller Center in midtown Manhattan formerly known as the Piaget Building, was seized after a judgment by the New York Southern District court on Tuesday. The government plans to use money from the seizure to compensate victims of Iranian–sponsored terrorism.
U.S. Attorney Preet Bharara claimed that the property owner, the Assa Corporation, was nothing more than a front for the state-run bank that financed the building.
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