|  | 

Legal Matters

CBI Chief: Luxemburg annuls injunction to freeze Iran $1.7b assets

Tehran, The Governor of Central Bank of Iran announced that the injunction to freeze $1.7b of Iranian assets has been annulled by Luxemburg court.

Referring to an enactment passed by Luxembourg court in favor of Iran as regard 9/11 incident, Abdolnaser Hemmati said Iran achieved another victory against the US.

He added that in the wake of CBI's complaint and also the efforts made by Iranian Foreign Ministry, vice presidency for legal affairs and also Iranian lawyers, the Luxemburg court annulled the injunction.

CBI's assets have been confiscated in the pretext of Iran complicity in 9/11 incident.

A Luxembourg court rejected a US request to compensate victims of the Twin Tower attacks by seizing assets from Iran, a country an American court has accused of involvement in the event that killed thousands, Luxembourg Times earlier reported.

The rule of the US court used to repeal the immunity of the defendants, namely the Islamic Republic of Iran and the Central Bank of Iran, is not compatible with international law, it added.

The September 11 attacks were a series of four coordinated terrorist attacks by the Islamic terrorist group alQaeda against the United States on the morning of Tuesday, September 11, 2001.

Tehran has simultaneously filed a lawsuit against US action with the International Court of Justice [ICJ] and asked for declaring the illegality of US demand and to oblige Washington to put an end to this process.

Source: Islamic Republic News Agency IRNA

The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.