Iranian bank associated with terror once rented offices from Donald Trump

Bank Melli stayed in Trump's building until 2003, four years after the US Treasury Department had already designated the bank as Iranian government controlled.

October 4, 2016 00:40
1 minute read.
trump iran

Then-presidential candidate Donald Trump arrives at a Capitol Hill rally to "Stop the Iran Nuclear Deal" in Washington, September 9, 2015. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

In 1998, when Donald Trump purchased the General Motors Building in Manhattan, one of the tenants was Bank Melli, an Iranian bank controlled by the state and linked by the US to terrorist groups as well as Iran's nuclear program, NBC news reported Monday.

The report was commissioned by the International Consortium of Investigative Journalists.

Be the first to know - Join our Facebook page.

Bank Melli stayed in the building until 2003, four years after the US Treasury Department had already designated the bank as Iranian government controlled.

From 2002 to 2006, Bank Melli was allegedly funneling money to the Iranian Revolutionary guard, specifically to a unit sponsoring terror attacks, while parts of the bank were still renting form Trump.

According to the report, Trump may have been receiving half a million in rent money from the bank yearly.

It remains unclear if any legal repercussions will stem from the arrangement.

The US had embargoed most business with Iran, yet not all Iranian organizations are under the sanction.

The report stated that the Treasury Department did not disclose to the public what businesses were allowed. They also declined to answer weather a license had been issued to Trump or the bank. The Trump campaign as well as Bank Melli both declined to comment on the issue.

It was also reported that the ICIJ attempted to contact Bank Melli at their offices in Tehran as well as in London and Paris, again failing to elicit a response.

The bank was banned from transactions in the US, though could have stayed in New York hoping the ban would be reversed.

In the US presidential election, Trump has repeatedly criticized the Iranian nuclear deal, signed with world powers over a year ago, even claiming that Iran would become a "world power" due to it.

However, the head of Iran's Atomic Energy Organization stated that Trump wining the election would not effect the deal.

Related Content

April 3, 2018
Cynthia Nixon’s bid for NY governor sets up a clash over Israel