Iran’s supreme leader reportedly controls vast real estate empire

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Iran’s “supreme leader,” Ayatollah Ali Khamenei, controls real estate, corporate ownership stakes and other assets worth about $95 billion through an organization called Setad Ejraiye Farmane Hazrate Emam (“Headquarters for Executing the Order of the Imam”), Reuters reports.

Setad has amassed some of its real estate empire through what Reuters described as “a methodical moneymaking scheme in which Setad obtains court orders under false pretenses to seize properties, and later pressures owners to buy them back or pay huge fees to recover them.” Source: reuters.com