At stake are $1.75 billion worth of bonds plus accrued interest, which are owned by Iran but held in a Citibank account in New York.
The International Court of Justice in The Hague has begun hearings on the confiscation of approximately $2 billion in assets from Iranian state bank accounts to compensate victims of terrorist attacks. The Associated Press reported this on Monday, September 19.
function news4515456() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4515456&lang=2&IsAjax=true’, function (data) { $(‘#nk4515456’).html(data); });
}
news4515456();
In 2016, Tehran filed a lawsuit at the International Court of Justice after the US Supreme Court ruled that money held in Iran’s central bank could be used to compensate the 241 victims of the 1983 US military base bombing, which can be linked to Iran.
Hearings began today on Iran’s arguments. Its representatives said the confiscation of funds was an attempt to destabilize the Iranian government and a violation of international law. The meeting will continue with US opening remarks on Wednesday.
At stake are $1.75 billion worth of bonds plus accrued interest, which are owned by Iran but held in a Citibank account in New York.
In 1983, a suicide bomber in a truck full of explosives attacked a US Marine barracks in Beirut, killing 241 American soldiers and 58 French soldiers.
Iran denied involvement, but in 2003 a United States District Court judge ruled Tehran responsible. The decision stated that Iran’s then ambassador to Syria summoned “a member of the Iranian Revolutionary Guards and ordered him to provoke an explosion at the naval barracks.”
The International Court of Justice ruled that it had jurisdiction to hear the case in 2019, rejecting the US’s argument that the country’s national security interests took precedence over the 1955 Friendship Treaty, which pledged friendship and cooperation between the two countries. .
A 2012 US law required the bank to transfer assets to the families of those killed in the Beirut attack. The US court concluded that the attack was carried out by Iranian agents, supported by Hezbollah militants. Iran says it was not involved in the attack.
Earlier, the media reported that Iran was preparing an assassination attempt on former top US officials. This plot may be revenge for the January 2020 assassination of General Qasem Soleimani by the Americans.
News from Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.