Iran General NewsFamilies of servicemen killed in attack to get Iran...

Families of servicemen killed in attack to get Iran money

-

Reuters: The families of 17 U.S. servicemen killed in a 1996 bombing in Saudi Arabia linked to Iran can collect damages from Iran-funded accounts at the Bank of Tokyo-Mitsubishi UFJ, a federal judge ruled on Tuesday. NEW YORK (Reuters) – The families of 17 U.S. servicemen killed in a 1996 bombing in Saudi Arabia linked to Iran can collect damages from Iran-funded accounts at the Bank of Tokyo-Mitsubishi UFJ, a federal judge ruled on Tuesday.

U.S. District Judge P. Kevin Castel in Manhattan ordered the bank, which did not oppose the motion, to hand over more than $260,000 in various accounts linked to Tehran, still a far cry from the full amount to which the families are entitled.

In June 1996, a truck bomb destroyed the Khobar Towers, a housing complex in Saudi Arabia, killing 19 U.S. servicemen. The FBI would later conclude that Iran provided training and support for the attack.

The families won a default judgment in U.S. District Court in Washington, D.C. against the Iranian government in 2006 for more than $250 million, an amount that was later increased to $337 million. Iran refused to defend the lawsuit in court, claiming it had sovereign immunity.

Billions of dollars in default judgments have been issued against Iran over the years, but plaintiffs have had little luck in collecting the money.

The accounts at the Bank of Tokyo’s New York branch had been frozen pursuant to U.S. presidential executive orders and directives issued by the Treasury Department as assets controlled by companies linked to Iran.

In court papers, the bank described itself as a “disinterested stakeholder” and did not fight the request.

The bank is a unit of Mitsubishi UFJ Financial Group.

The case is Estate of Michael Heiser et al. v. Bank of Tokyo Mitsubishi UFJ, U.S. District Court for the Southern District of New York, No. 11-cv-01601.

(Reporting by Joseph Ax; Editing by Lisa Shumaker)

Latest news

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Must read

Iranian foreign minister to visit Damascus: Syrian official

AFP: Iranian Foreign Minister Ali Akbar Salehi is to...

Iran summons Turkmenistan envoy

Iran Focus: Tehran, Iran, Feb. 19 – Iran’s Foreign...

You might also likeRELATED
Recommended to you