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Reuters: Assests of the Ayatollah

Authors: Steve Stecklow, Babak Dehghanpisheh, and Yeganeh Torbati
November 2013

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This three-part series from Reuters examines how Setad, a little-known organization controlled by Iran's Supreme Leader, grew into one of the most powerful property and corporate empires in Iran.

The 82-year-old Iranian woman keeps the documents that upended her life in an old suitcase near her bed. She removes them carefully and peers at the tiny Persian script.

There's the court order authorizing the takeover of her children's three Tehran apartments in a multi-story building the family had owned for years. There's the letter announcing the sale of one of the units. And there's the notice demanding she pay rent on her own apartment on the top floor.

Pari Vahdat-e-Hagh ultimately lost her property. It was taken by an organization that is controlled by the most powerful man in Iran: Supreme Leader Ayatollah Ali Khamenei. She now lives alone in a cramped, three-room apartment in Europe, thousands of miles from Tehran.

The Persian name of the organization that hounded her for years is "Setad Ejraiye Farmane Hazrate Emam" – Headquarters for Executing the Order of the Imam. The name refers to an edict signed by the Islamic Republic's first leader, Ayatollah Ruhollah Khomeini, shortly before his death in 1989. His order spawned a new entity to manage and sell properties abandoned in the chaotic years after the 1979 Islamic Revolution.

Setad has become one of the most powerful organizations in Iran, though many Iranians, and the wider world, know very little about it.

Part 1: "Land Grab"

Part 2: "National Champion"

Part 3: "Rough Justice"