Word: lawsuits
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Dates: during 1970-1979
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...facts about the Shah's alleged corruption are also difficult to pin down, especially because in Iran, as in other Middle Eastern monarchies, there traditionally has been little distinction drawn between the treasures of the ruler and those of the nation. A lawsuit filed in New York last week on behalf of the revolutionary government accuses the Shah of diverting $20 billion in national assets to his own use, and charges Empress Farah with taking $5 billion. But it offers no evidence and indeed admits that the sums are pretty much a guess. The Shah's own figure...
Much of the Shah's wealth was funneled into the Pahlavi Foundation and several others, established ostensibly to fund charitable activities, like aid to the handicapped. The New York lawsuit asserts that the Iranian state budget "provided annually a subsidy of approximately $10 million" to the foundations. In addition, it says, "plaintiff [the Khomeini government] is unable to account for several billion dollars of revenues earned by the National Iranian Oil Co. between 1973 and 1978." In 1976 alone, it asserts, Nice's receipts as published by the company were $1 billion less than the NIOC earnings reported...
...famous crown jewels). But the Shah could easily have transferred cash income from them to banks abroad before his downfall, though stories of such transfers have so far proved unverifiable. Information on the Shah's holdings outside Iran ranges from sketchy to nonexistent. The New York lawsuit lists only four in the U.S. The most prominent is a 36-story Manhattan skyscraper owned by an American branch of the Pahlavi Foundation...
...mighty new weapon-the lawsuit -is being rolled out in the economic power struggle between the U.S. and Iran, and the battling is shaking the money markets. Lawyers last week went on a suing spree, grabbing up Iranian corporate and industrial assets not only in the U.S. but also in West Germany. The free-for-all rush after Iranian booty put investors and businessmen on edge, rattled money markets and in the process helped send the dollar into a renewed slide while pushing gold back up to more than $400 per oz. In the scramble, banks even wound up suing...
...mayor, who talks about Harvard and expansion a lot less than his colleagues, was the major driving force behind the city's involvement in a citizen's group lawsuit asking for an injunction against extension of the Red Line. Danehy is a neighborhood man at heart, and though he protested the Massachusetts Bay Transit Authority's project on technical grounds' he feared about crime and protecting Cambridge...