FILE PHOTO: A company logo of Bank Melli is displayed on the glass door at its branch in Hong Kong, China, August 8, 2012. REUTERS/Bobby Yip/File Photo
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The U.S. Supreme Court Monday declined to take up Iranian government-owned Bank Melli's appeal of a lower court ruling that allowed victims of militant attacks allegedly backed by Iran to seek millions of dollars in compensation from the bank.In the case in which the court acted Monday, about 90 plaintiffs in four lawsuits won nearly $1 billion in court judgments against Iran for its alleged complicity in various attacks between 1990 and 2002 .Bank Melli appealed to the Supreme Court, arguing that the $17.6 million, funds frozen due to U.S. sanctions against Iran, cannot be seized because the bank does not actually own it.
FOLLOW THIS ARTICLE