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Weapons of Mass Destruction (WMD)

CBI: US lawsuit to seize Iran's assets in Germany doomed to failure

IRNA - Islamic Republic News Agency

Tehran, Aug 29, IRNA -- The Central Bank of Iran (CBI) dismissed a lawsuit filed in the United States to force a European financial provider to transfer Iranian assets to the US.

"The move by the US is doomed to fail like similar American legal attempts that have ended in Iran's favor in recent years," the Central Bank of Iran said.

On Friday, Deutsche Boerse said that it would take steps to defeat the suit filed in a New York court seeking to require Clearstream to surrender assets.

The German company said it considers the claims by creditors in the US to be unfounded.

The Central Bank of Iran announced that the issue is related to securities belonging to the CBI which has remained in Clearstream institution and has nothing to do with Germany.

Iran is seriously pursuing the case to prevent the potential confiscation of nearly $1.7 billion in securities belonging to Iran and held by Clearstream, a company based in Luxembourg which is a subsidiary of Germany's stock exchange operator Deutsche Boerse.


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