The lawsuit was brought under the U.S. Anti-Terrorism Act, a 1992 law that permits victims to bring private suits against alleged financiers of militant operations. Brought on behalf of more than 200 veterans and family members, the lawsuit alleges the banks conspired with Iranian banks to mask wire transactions in order to evade U.S. sanctions. The Iranian banks then funneled more than $100 million to militant groups that operated in Iraq at Iran’s direction, according to the suit. The militant groups included a Shi’ite militia in Iraq, Kataib Hezbollah, as well as Quds Force, the overseas arm of Iran’s Islamic Revolutionary Guard Corps, the suit says… The agreements did not allege a link between the transactions, which the U.S. government viewed as unlawful, and militant operations… Patrick Farr, a California-based plaintiff whose son Clay was killed by a roadside bomb in February 2006, said the lawsuit has given him “a sense that I was able to do something, hold someone accountable for his death.” The suit is the first case under the Anti-Terrorism Act in which former U.S. soldiers seek damages against international banks. It is also one of the first to be crafted as a conspiracy case.
Posted on: Wed, 12 Nov 2014 04:38:06 +0000
Trending Topics
Recently Viewed Topics
© 2015