Iran’s central bank Bank Markazi is going to file a lawsuit in US Federal Court against Citigroup Inc. (NYSE:C) to release the frozen assets deposited by Clearstream Banking SA in Citibank.
The bank froze $2 billion assets in 2008 as the victims of international terrorism sought the fund as partial payments.
Bank Markazi said that it is illegal on the part of Citigroup Inc. (NYSE:C) to freeze the assets, as the move violates US law.
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