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April 18, 2014       Share:    

Source: http://time.com/67683/u-s-forfeiture-deal-over-iran-assets-sets-record/

U.S.: Forfeiture Deal over Iran Assets Sets Record

(AP-TIME) U.S. Attorney Preet Bharara says a federal judge Thursday approved a settlement with 19 holders of terrorism-related judgments against the government of Iran. It includes the sale of a 36-story New York office building and other properties owned by Iran in the largest ever terrorism-related forfeiture. The settling creditors include families and estates of victims of the 1983 terrorist bombing of the U.S. Marine Barracks in Beirut, the 1996 terrorist bombing of the Khobar Towers in Saudi Arabia, and terrorist attacks in Israel. Besides the Manhattan tower, buildings will be sold in California, Maryland, Texas and Virginia.

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