[NEW YORK] Standard Chartered Plc's transactions with Iran were worth tens of billions of US dollars more than previously known, a whistle-blower said in a lawsuit claiming the British bank actively pursued Iranian business in violation of US sanctions. Read more at The Business Times.
Standard Chartered Plc's transactions with Iran were worth tens of billions of US dollars more than previously known, a whistle-blower said in a lawsuit claiming the British bank actively pursued Iranian business in violation of US sanctions.
The transactions enabled Iran to aid US adversaries."Beneath the green eye-shade complexity and deception of the international financial transactions involved in this case, the unavoidable fact is that Standard Chartered used its resources to help terrorists kill and wound American, British, and other Coalition military personnel and thousands of innocent civilians," the plaintiffs say in a complaint filed Thursday in Manhattan federal court.
Just a week after the first settlements between the bank and US authorities in 2012, the executives filed a sealed whistle-blower case and met with authorities to help develop their investigation, according to the complaint.
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