Iranian central bank should not recover assets, US government argues

The central bank of Iran
Ensie & Matthias/Flickr

The United States department of justice (DoJ) has moved to block an attempt by the Iranian central bank to recover $1.75 billion of frozen assets. The bonds, held in a Citigroup account in New York by the Central Bank of the Islamic Republic of Iran, are the target of litigation by relatives of US citizens killed in allegedly Iranian-backed terrorist attacks.

Observers of the US legal system say the request by the DoJ in "Bank Markazi v. Deborah Peterson et al" makes it extremely unlikely the Su

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