US: Forfeiture deal over Iran assets sets record

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Updated: 4/17/2014 10:54 pm

NEW YORK (AP) — A New York prosecutor says plans to sell a 36-story Manhattan office building and other properties owned by Iran will produce the largest ever terrorism-related forfeiture.

U.S. Attorney Preet Bharara (buh-RAH'-ruh) said a federal judge Thursday approved a settlement with 19 holders of terrorism-related judgments against the government of Iran.

The settling creditors include families and estates of victims of the 1983 terrorist bombings of U.S. Marine Barracks in Beirut, the 1996 terrorist bombing of the Khobar Towers in Saudi Arabia, and terrorist attacks in Israel and elsewhere.

Besides the Manhattan tower, buildings will also be sold in California, Virginia, Texas and Maryland.

Prosecutors said funds will be added to the contents of bank accounts formerly in the name of entities that served as fronts for the Iranian government.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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