US effort to seize Iran’s assets in Luxembourg illegal: Official

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‘A senior official with the Central Bank of Iran (CBI) says US efforts to seize $1.6 billion of Iran’s assets in Luxembourg run counter to the international laws and will bear no fruit.

CBI Legal Chief Executive Ardeshir Fereydouni made the remarks on Tuesday in reaction to a Monday report by the New York Times about a confidential court ruling by a Luxembourg court to freeze $1.6 of CBI assets in a financial institution in the European country.

According to informed sources, the Luxembourg court ordered the freezing of the CBI assets after a group of terror attack victims, who had won a default judgment against Iran in the US, filed a lawsuit at the European court to try to enforce it, the report said.’

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