News ID: 188985
Published: 0444 GMT March 08, 2017

CBI head: US' lawsuit to freeze Iran's assets rejected

CBI head: US' lawsuit to freeze Iran's assets rejected

Luxembourg’s court, in its first verdict, dismissed the lawsuit filed by the US to freeze Iranian assets worth $1.6 billion, said the governor of Central Bank of Iran.

Speaking on the sidelines of a cabinet meeting on Wednesday, Valiollah Seif added the US has launched an appeal against the verdict which is under consideration by the court, IRNA reported.

Seif said that CBI's legal services office and lawyers are also pursuing and considering the case.

On the news of the $1.6-billion of CBI's assets frozen in a Luxembourg bank, he noted that, "This, by no means, is a new event."

The CBI governor added the families and estates of the victims of the September 11 disaster had submitted a claim against Iranian monetary resources deposited in the Luxembourg bank in the form of dollar bonds, which convinced a New York judge to order Iran's assets had to be frozen. "Most probably the US plaintiffs will not succeed."

On Tuesday, a CBI official slammed attempts by American plaintiffs to seize the bank's assets in Luxembourg as being against international law and treaties.

Ardeshir Fereidooni, head of the CBI's legal affairs bureau, said US efforts to seize the bank's properties in Luxembourg run counter to international laws and treaties, and that any ruling against Iran could not be enforced.

His comments came after The New York Times reported that a judge in Luxembourg has put a freeze on $1.6 billion in assets belonging to the CBI.

Earlier, Iranian Deputy Foreign Minister Majid Takht Ravanchi announced that the ruling dates back to before the nuclear negotiations between Iran and the P5+1 (Russia, China, the US, Britain, France and Germany) that led to the Joint Comprehensive Plan of Action (JCPOA).

According to the diplomat, the property is still in Europe and no new development has taken place recently, adding lawyers of the Central Bank of Iran and of the Luxembourgian company holding the assets are in consultation on the issue.

In the last two decades, victims of terrorist attacks have racked up more than $50 billion in default judgments against Iran, according to New York Times.

Resource: IRNA
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