Controlling Setad, an economic empire reported to be built partly on seized property
Setad, formally the Execution of Imam Khomeini's Order, reports to Khamenei. A 2013 Reuters investigation estimated its holdings at about $95 billion, much of it built on seizures of property, including from religious minorities, while finding no evidence he used it for personal enrichment. The US sanctioned it as a network of fronts controlled by the leadership.
Editorial timeline of public reporting, not a legal finding.
- US Treasury sanctions Setad and 37 affiliated companies - The US Treasury said Setad, through two main subsidiaries, oversaw 'a labyrinth of 37 ostensibly private businesses, many of which are front companies', generating 'billions of dollars in profits for the Iranian regime' shielded from the view of the Iranian people and international regulators. Treasury Targets Assets of Iranian Leadership
- Reuters investigation: about $95 billion built on property seizures - A Reuters special report estimated Setad's holdings at about $95 billion, including roughly $52 billion in real estate and $43 billion in corporate stakes, built on the systematic seizure of properties, including from Baha'is. Reuters said it found no evidence that Khamenei was using Setad to enrich himself. Special Report: Khamenei controls vast financial empire built on property seizures
- Setad and Astan Quds Razavi sanctioned over expropriated assets - The US Treasury sanctioned Setad and Astan Quds Razavi, which it said are controlled by the Supreme Leader, saying they control large swaths of the economy 'including assets expropriated from political dissidents and religious minorities, to the benefit of Supreme Leader Ali Khamenei and senior Iranian government officials'. Treasury Targets Billion Dollar Foundations Controlled by Iran's Supreme Leader
- Former Setad head approved as interim president - Reuters and Al Jazeera reported that after Ebrahim Raisi's death Khamenei approved First Vice President Mohammad Mokhber (@mokhberofficial) as interim president. Mokhber had previously headed Setad for about 14 years. Iran's Supreme Leader approves Mokhber as interim president, declares 5 days mourning