Bank of Tokyo-Mitsubishi Must Give Iran Funds to U.S. Families
This article is for subscribers only.
The Bank of Tokyo-Mitsubishi UFJ Ltd. was ordered to transfer funds belonging to Iran-based entities to the families of 17 U.S. Air Force service members killed in a 1996 attack in Saudi Arabia.
U.S. District Judge P. Kevin Castel in Manhattan ordered the transfer today. The assets at issue total about $357,000 and Bank of Tokyo said it doesn’t oppose releasing them, according to the filing.