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A group of sources believe that the main owner of Plasco is Habibullah Al-Ghaniyan, who was executed after the 1357 revolution and that the Plasco building and the aluminum building, which also belonged to him, were confiscated for the benefit of the Mustafafan Foundation. But according to Mohammad Yeganeh’s memoirs, published in the oral history collection of Harvard University, Hejbar Yazdani, a Baha’i financier, had bought both of these buildings from Al-Ghaniyan in 1354, and Plasco was traded at the price of 20 million Tomans at that time.
