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JewishJournal.com

May 18, 2012

Tokyo bank freezes Iranian assets

http://www.jewishjournal.com/world/article/tokyo_bank_freezes_iranian_assets_20120518

A Japanese bank has halted transactions by the Iranian government in response to a U.S. court ordering a $2.6 billion asset freeze over the 1983 bombing of the U.S. Marines barracks in Beirut.

A spokesman for the Bank of Tokyo-Mitsubishi UJF confirmed the move to the Agence France-Presse, on Thursday.

The court order reflects “the amount that the court in 2007 upheld for compensation demands by families of victims of the 1983 attacks on US forces in Beirut,” the spokesman said.

The bank lodged an appeal against the U.S. court order on Thursday, saying that the action is “problematic” under Japanese law. He would not reveal the amount of money involved or who held the assets. The spokesman, however, said the bank “handles a relatively large number of transactions for trade with Iran,” AFP reported.

The ruling stems from the Oct. 23, 1983 bombing of the U.S. Marines barracks in Beirut, which killed 24 U.S. troops. Tehran has denied responsibility for the attacks, but Washington subsequently named Iran on a list of terrorism-supporting states. A 2007 court ruling in the United States ordered Iran to pay $2.65 billion to victims’ families.

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