USS Cole case development

Sudan yet to respond to verdict.

Banks must turn over Sudanese assets to USS Cole victims: U.S. court

BY JOSEPH AX

Three banks must turn over Sudanese funds to victims of al Qaeda’s deadly 2000 bombing of the USS Cole in Yemen to help satisfy a $315 million judgment, a U.S. appeals court ruled on Wednesday.

The 2nd U.S. Circuit Court of Appeals in New York rejected Sudan’s claim that the plaintiffs failed to follow proper procedures in seeking the assets, which are held in accounts controlled by Mashreqbank PSC, BNP Paribas SA and Credit Agricole Corporate and Investment Bank.

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Source: reuters.com

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