Wednesday, September 7, 2016
Obama Admin Confirms U.S. Transferred An Additional $1.3 Billion In Cash To Iran
Paid in all cash just days after forking over the $400 million ransom payment.
Via Free Beacon:
The Obama administration acknowledged Tuesday night that the United States transferred an additional $1.3 billion in cash to Iran using foreign currency days after paying Tehran an initial $400 million, the Wall Street Journal reported.
The additional 1.3 billion was given to Iran as interest on a settlement of a failed 1979 arms deal between both countries before the Islamic Revolution. The Obama administration airlifted $400 million in pallets of euros and Swiss francs to Iran on Jan. 17 to settle the claim on the same day that Tehran released four American prisoners. The State Department confirmed last month the payment was used asleverage to secure the release of the hostages, leading critics to charge the administration of making a ransom payment.
Administration officials briefed lawmakers on the matter Tuesday, according to the Journal.
The Obama administration briefed lawmakers on Tuesday, telling them that two further portions of the $1.3 billion were transferred though Europe on Jan. 22 and Feb. 5. The payment “flowed in the same manner” as the original $400 million that an Iranian cargo plane picked up in Geneva, Switzerland, according to a congressional aide who took part in the briefing.
The Treasury department confirmed the payment, the Associated Press reported, saying that the total amount of $1.7 billion was all paid in cash.
Thank You Free Beacon and Zip.