Young Journalists Club | Latest news of Iran and world

News ID: 18104
Iran » Iran
Publish Date: 15:47 - 19 January 2018
TEHRAN, January 19 - Iran’s central bank, Bank Markazi, has filed a suit in Luxembourg against Deutsche Boerse’s Clearstream unit seeking to recover $4.9 billion in assets plus interest, the German stock exchange operator said.

Iran seeks $4.9 billion from Deutsche Boerse unit in Luxembourg suitTEHRAN, Young Journalists Club (YJC) - The assets include $1.9 billion turned over to plaintiffs in the United States following a 2013 court order as well as $2 billion that is subject to further litigation by U.S. plaintiffs in the United States and Luxembourg.

“Clearstream believes the complaint against it to be without merit,” Deutsche Boerse said in a statement.

“Clearstream will take all necessary and appropriate measures to vigorously contest the claims.”

Iran’s efforts to recover the funds have been going on for some years. In 2016, Deutsche Boerse disclosed that it was named in a U.S. case filed by Iran seeking the funds.

Source: Reuters

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