Word: shah
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...leaders also had incriminating files in the embassy. Among them were Ayatullah Mohammed Beheshti, head of the Iranian Supreme Court, and Seyyed Ali Khamene'i, a leader of the Islamic Republican Party, who both had numerous contacts with the embassy before and after the fall of the late Shah...
...moderates fired first with a volley of blistering editorials in Banisadr's daily Enghelab-e-Eslami. Noting that the government had recovered only $2.8 billion of its $12 billion in frozen assets-and not a cent of the Shah's fortune-the paper blamed the original, clerically supported seizure of the hostages for most of the country's appalling problems...
...days of pain, suffering, and deprivation that the embassy personnel suffered at the hands of their Iranian captors. But the second scandal has not been so completely reported in recent weeks--it is the 25 years of pain, suffering and deprivation that the Iranian people spent under the late shah. And it, as much as the hostages' tales, should be a lesson for our country...
...centerpiece of a financial thriller that might have been written by Paul Erdman, author of The Crash of 79. On the day after the American action, Bank Markazi, the central bank of Iran, instructed Chase Manhattan, the leading bank in a $500 million loan to the government of the Shah, to draw on Iranian assets at U.S. banks in London for payment of an interest installment of $4 million. Because the assets were frozen and payments could not be made on them, the loan became technically in default. Chase hastily polled the eleven other members of the lending syndicate...
...seventh-floor State Department conference room with Miller and Secretary of State Edmund Muskie. The new offer looked interesting. Bank Markazi suggested that when the Iranian funds were unfrozen, it would repay with interest outstanding loans that had been negotiated with about 100 international banks during the Shah's regime. In addition, Iran agreed to set up an escrow account to pay off other loans. An escrow account is a bank deposit that is controlled by a third party until certain terms are fulfilled. For example, banks often establish escrow accounts into which homeowners with mortgages deposit money that...