No one shall be arbitrarily deprived of his property...

Immediately after the Islamic Revolution, on March 12, 1979,  the Mostazafin Foundation was formed by the Revolutionary Council to find and confiscate the properties of all the wealthy people who were associated with the previous regime. This foundation, together with various other revolutionary organizations like it, have managed to confiscate billions of dollars worth of wealth and property that was privately owned and managed by the people of Iran. The foundation is now managing over 400 companies and factories, with an annual turn over of over $3.6 billion. It is important to note that a lot of this wealth has always been channeled to the private bank accounts of the Mullahs who have been associated with the Islamic Regime, or it has been used to support terrorist organizations and their activities in other countries. Some money has been set aside to keep the "down trodden" and the club-wielding "volunteers" on the payroll of the Islamic Republic. The original victims of this takeover that took place immediately after the Islamic Revolution included, but were not limited to the following:

• 51 industrialists and manufacturers

• 15 major insurance companies

• 29 private banks with holdings in excess of 169 billion Rials

• The people who were executed and their families

• Anyone who opposed the Islamic Republic