Tehran prosecutor announces broad asset seizures against trustee companies in FX obligation cases

Tehran Prosecutor Salehi announced on Thursday, August 6, 2026 (15 Mordad 1405), according to Ecoiran citing the judiciary's media center, broad asset seizures against so-called trustee companies in cases related to unmet foreign currency obligations. He said cash recoveries included $50 million in one case, 55 million euros in another, and 53 million UAE dirhams in a third, alongside a 1.673 trillion toman offset against the companies' assets. The prosecutor listed seized assets including 86 luxury vehicles, 187 land plots covering 1.868 million square meters, 86 apartments in various cities, four villas in Lavasan, Gilan and Mazandaran, and two factory properties covering 32,000 square meters. He said the seizure and confiscation process to recover undelivered foreign currency continues in earnest.