Luxembourg Court denies Iran demand to Unblock Assets

By John Lee.

AFP reports that a court in Luxembourg has denied a demand by Tehran to repatriate $1.6 billion of Iranian assets claimed by the US as compensation for the victims of the September 11 attacks.

In 2012, a New York judge ordered Iran to pay $7 billion in damages to the families and estates of victims from the attacks, arguing that the country had aided Al-Qaeda by allowing the group’s members to travel through its territory.

Iran rejects the accusation and refuses to pay the money. Its lawyers had tried to access $1.6 billion of Iranian money frozen in the Clearstream clearing house, a financial company based in Luxembourg.

(Source: AFP)

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