FRANKFURT AM MAIN, Germany — German stock market operator Deutsche Boerse says Iran’s central bank has leveled claims for billions of dollars against its Luxembourg subsidiary Clearstream, which blocked the funds after the US accused Tehran of funding terrorism.
The Iranian central bank (Bank Markazi) demands some $4.9 billion of assets it says are held in Clearstream accounts belonging to it and to Italian bank UBAE, plus interest, Deutsche Boerse says in a statement.
If the assets themselves cannot be recovered, the Iranian institution wants damages in the same amount.
The long-running, complex case involves some $2 billion frozen in Clearstream accounts while court cases against Iran are heard in the US and Luxembourg, as well as some $1.9 billion Clearstream has already transferred to the US based on a 2013 court ruling.
That judgment saw Iran ordered to compensate around 1,000 American plaintiffs, including families of some 214 soldiers killed in a double suicide bombing in Lebanese capital Beirut in 1983 that claimed 299 lives.
— AFP
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