Both Britain and Iran denied any link between the possible money transfer and the detention of Nazanin Zaghari- Ratcliffe, a British-Iranian woman who is serving a five-year prison sentence for allegedly planning the "soft toppling" of Iran's government while traveling with her young daughter.
However, a similar US transfer to Iran happened at the same time American prisoners were released in 2016.
British Foreign Minister Boris Johnson faces tremendous criticism at home over his handling of Zaghari-Ratcliffe's case. Iranian media have speculated that Johnson may visit Iran soon.
Sanctions between the countries have stopped the money being returned.
Ghasemi said Tehran has pursued the refund of the money through long and broad talks with Britain for some time. He denied any connection between the payment and Zaghari- Ratcliffe's case.
The Daily Telegraph newspaper of London reported earlier today that the money might be part of a bargain to free Zaghari-Ratcliffe. It described the payment as a "goodwill" gesture between Britain and Iran and said authorities in London continued to consult with experts over whether the payment could be made under current US and UN sanctions.
The Foreign Office said in a statement that it was "wrong to link a completely separate debt issue with any other aspect of our bilateral relationship with Iran."
Johnson has faced withering criticism over the case after he told a parliamentary committee that Zaghari-Ratcliffe was "teaching people journalism" when she was arrested last year.
Her family and her employer, the Thomson Reuters Foundation, long have said she was on vacation taking her toddler daughter to meet relatives in Iran.
Johnson later apologized for his comment, but Iran's state broadcaster said it was an implicit admission of her guilt. Her husband recently warned that Zaghari-Ratcliffe faces new charges that could add 16 years to her sentence.
A prisoner exchange in January 2016 that freed Washington Post journalist Jason Rezaian and three other Iranian- Americans also saw the US make a USD 400 million cash delivery to Iran the same day. That money too involved undelivered military equipment from the shah's era, though some US politicians have criticized the delivery as a ransom payment.
Others with ties to the West detained in Iran include Chinese-American graduate student Xiyue Wang, who was sentenced to 10 years in prison for allegedly "infiltrating" the country while doing doctoral research on Iran's Qajar dynasty. Iranian-Canadian national Abdolrasoul Dorri Esfahani, a member of Iran's 2015 nuclear negotiating team, is believed to be serving a five-year prison sentence on espionage charges.
Iranian-American Robin Shahini was released on bail last year after staging a hunger strike while serving an 18-year prison sentence for "collaboration with a hostile government." Shahini is believed to still be in Iran.
Also in an Iranian prison is Nizar Zakka, a US permanent resident from Lebanon who advocates for internet freedom and has done work for the US government. He was sentenced to 10 years last year on espionage-related charges.
Iran says Levinson is not in the country and that it has no further information about him, though his family holds Tehran responsible for his disappearance.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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