Justice Department Recovers $318M from Iran's Hidden Asset
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Justice Department secures a significant victory, recovering $318 million from the sale of a Fifth Avenue building in New York City, previously used by Irans Bank Melli to evade U.S. sanctions. The funds will be distributed to victims of attacks like the Beirut bombings and September 11th, as well as those affected by Iranian-backed strikes. The building, originally linked to Irans former shah, was secretly controlled by Bank Melli through front companies in the Isle of Man and New York. Victims groups and the U.S. attorney for the Southern District of New York hail the decision as a testament to their commitment and a smart way to target Irans assets through legal means. The recovery underscores the potential of persistent court battles to provide relief to terror victims and expose hidden regime assets within the U.S.
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