US Supreme Court ruling on assets amounts to theft: Iran

Image
AFP Tehran
Last Updated : Apr 21 2016 | 10:22 PM IST
Iran today said that the US Supreme Court's decision to deduct USD 2 billion from Tehran's frozen assets to compensate American victims of terror attacks amounted to theft.
"The ruling is considered stealing the Islamic Republic of Iran's properties and naturally the onus of compensation of damages to Iran ... Falls on the US administration," foreign ministry spokesman Hossein Jaber Ansari said.
The spokesman said the decision went "against international law".
The Supreme Court ruled yesterday that Iran must hand over nearly USD 2 billion in frozen assets to survivors and relatives of those killed in attacks blamed on the Islamic republic.
The attacks included the 1983 bombing of US Marine barracks in Beirut and the 1996 Khobar Towers bombing in Saudi Arabia.
The decision affects more than 1,000 Americans.
Justice Ruth Bader Ginsburg wrote the court's opinion rejecting the Iranian central bank's efforts to block payments to victims and relatives.
"We are extremely pleased with the Supreme Court's decision, which will bring long-overdue relief to more than 1,000 victims of Iranian terrorism and their families, many of whom have waited decades for redress," said Theodore Olson, a former US solicitor general who represented the relatives of the victims.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 21 2016 | 10:22 PM IST

Next Story