#asset-seizures

#asset-seizures

Tehran, Iran Iranian authorities have shut down a number of privately owned businesses in the wake of deadly nationwide protests last month, even as the country's cratering economy is hitting people and businesses hard and its government pursues a fraught diplomatic path with the United States. Neither police nor judicial authorities have elaborated on why the businesses, most of them popular gathering spots in central and northern Tehran for young Iranians, have been shut down.

Wedding was previously indicted in Los Angeles federal court on multiple federal charges, including running a continuing criminal enterprise, committing murder in connection with a continuing criminal enterprise and assorted drug crimes. A superseding indictment was filed in November, alleging that Wedding ordered the killing of a witness who was set to testify against him in a federal drug trafficking case, according to the Justice Department.

Since its full-scale invasion of Ukraine in 2022, Russia has confiscated nearly 3.9 trillion rubles, equivalent to approximately $50 billion, from 102 private assets.