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transaction with Djamsheed Parsa (Mr. Parsa), a real estate
developer whereby petitioners acquired land for development in
San Diego, California (San Diego project). Petitioners invested
around $1 million in the San Diego project, and, according to Mr.
Parsa, petitioner told him that the money came from “some company
in Iran”.
In the 1980's, petitioners acquired Huntington Harbor Bay
and Racquet Club (Huntington Harbor), which was acquired through
URI.
Petitioner’s Collection Efforts in 1980
In 1980, petitioner hired an Iranian attorney, Dr.
Manouchehr Haghighi (Dr. Haghighi), to contact Ammareh about the
payments. According to a report prepared by Dr. Haghighi’s
associate dated February 16, 1980, Ammareh was uncooperative and
refused to discuss the matter.
Expropriation Loss Claim
In 1984, petitioners’ attorneys Michael McCaffrey (Mr.
McCaffrey) and Allen Kroll (Mr. Kroll) researched whether
petitioners could file a claim with the Iranian Claims Tribunal
with respect to their property losses in Iran. Mr. Kroll
contacted the U.S. Department of State which informed him that
the period of limitations for filing claims with the Iranian
Claims Tribunal had already expired. Petitioners’ claim was for
the expropriation of a business in Iran.
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Last modified: May 25, 2011