DUBAI (Reuters) – The Iranian central bank said Saturday it was taking legal action to counter a lawsuit creditors filed in a U.S. court for $ 1.7 billion of theirs from Deutsche Börse's Clearstream unit (DE 🙂 to confiscate held property.
The German exchange operator previously said the creditors had filed the lawsuit in a New York court to require Clearstream to return assets allegedly owned by the Iranian central bank. The clearinghouse considers the allegations to be unfounded and will take steps to defeat them.
Amir Hossein Tayyebi Fard, deputy governor of the Iranian central bank, said in a statement: "After repeated legal defeats in Luxembourg, the US plaintiffs are seeking legal action against Clearstream in US courts. There are also serious legal steps against these measures."
Tayyebi Fard did not provide details of the bank's legal measures to prevent seizure of the $ 1.7 billion assets, according to the statement posted on the bank's website.
US authorities have been investigating Luxembourg-based Clearstream for years to see if it violates US money laundering and Iranian sanctions laws. Deutsche Börse has denied misconduct.
In 2019, a Luxembourg court refused to enforce a US ruling that helped families of victims of the September 11, 2001 attacks to claim Iranian assets from Clearstream.
In 2012, a New York court ruled that there was evidence that Iran provided "al-Qaeda material support and resources for acts of terrorism". The militant group carried out the hijacked plane attacks on New York and Washington.
That court awarded plaintiffs more than $ 7 billion in damages. Iran denies any association with al-Qaeda or any involvement in the 9/11 attacks.
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