September 11 victims search seizure of Iran oil from US-owned tanker – Center East Monitor

Victims of the September 11, 2001, assaults requested a US decide to order the seizure of Iranian crude oil from a tanker owned by an American personal fairness agency, to assist fulfill a $3.61 billion judgment in opposition to Iran over the assaults, Reuters reviews.

The request got here in filings on Thursday with the US District Court docket in Manhattan.

Dozens of assault victims and their households mentioned the “Suez Rajan”, owned by Los Angeles-based Oaktree Capital Administration and idling in Southeast Asia, gave the impression to be carrying as much as 1 million barrels of Iranian oil, violating US sanctions.

They mentioned the oil ought to be offered to assist cowl their February 2018 judgment in opposition to Iran over that nation’s offering materials assist to Al-Qaeda associated to the assaults. Iran has lengthy denied such claims.

Oaktree has about $166 billion of property underneath administration. Neither the agency nor its London-based Fleetscape unit, which funds the Suez Rajan, instantly responded on Friday to requests for remark.

The request got here after the non-profit, United Towards Nuclear Iran, which makes use of satellite tv for pc pictures to trace tanker motion, wrote Oaktree on 15 February that the “Suez Rajan” appeared to have taken on the oil from one other tanker two days earlier.

READ: Oil hits almost decade high before Iran throttles the rally

Even when the oil had been seized, gross sales proceeds at present costs LCOc1 would cowl solely about 3 per cent of the $3.61 billion judgment.

Victims mentioned that about $3.44 billion is excellent, with the Nationwide Iranian Oil Co and Nationwide Iranian Tanker Corp, each underneath US sanctions, among the many entities accountable to pay it.

Judgments in opposition to accused state sponsors of terrorism are sometimes unimaginable to implement.

On 18 February, Fleetscape mentioned the “Suez Rajan” was operated by Empire Navigation, and that it had no function working Empire’s fleet. It additionally mentioned it took accusations of US sanctions violations critically.

Empire, primarily based in Athens, mentioned on 21 February it was additionally investigating the matter. Practically 3,000 individuals died on September 11, 2001, when planes had been flown into New York’s World Commerce Centre, the Pentagon in northern Virginia and a Pennsylvania area.

The instances are Hoglan et al v Oaktree Capital Administration LP et al, US District Court docket, Southern District of New York, No. 11-07550; and In re Terrorist Assaults on September 11, 2001 in the identical court docket, No. 03-md-01570.

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