Iran May Have Received as Much as $33.6 Billion in Cash, Gold Payments From U.S.

Mark Dubowitz
8th September 2016 - Quoted by Adam Kredo - The Washington Free Beacon

Iran may have received an additional $33.6 billion in secret cash and gold payments facilitated by the Obama administration between 2014 and 2016, according to testimony provided before Congress by an expert on last summer’s nuclear agreement with Iran.

Between January 2014 and July 2015, when the Obama administration was hammering out the final details of the nuclear accord, Iran was paid $700 million every month from funds that had previously been frozen by U.S. sanctions.

...

A total of $11.9 billion was ultimately paid to Iran, but the details surrounding these payments remain shrouded in mystery, according to Mark Dubowitz, executive director at the Foundation for Defense of Democracies.

In total, “Iran may have received as much as $33.6 billion in cash or in gold and other precious metals,” Dubowitz disclosed.

“In July, the Associated Press cited U.S. officials who estimated that Iran ‘brought home less than $20 billion.’ Were these funds repatriated to Tehran in cash or in gold and precious metals? Through the formal financial system? Or through some combination?” Dubowitz asked in his testimony before the House Financial Services Committee.

“The administration should also clarify if the $20 billion dollars is inclusive of the $11.9 billion in [Joint Plan of Action] funds, or if the $20 billion was in addition to the $11.9 billion,” he said. “Either way, it is important to understand how funds were sent. The worst-case scenario here is that Iran may have received as much as $33.6 billion in cash or in gold and other precious metals.”

At least some of this money was likely sent in cash and other assets, according to Dubowitz.

Given the situation, it is likely that the multiple past payments to Iran were conducted in a similar fashion, according to Dubowitz.

“If the White House could only send cash to Iran from the start of the JPOA period through the Tribunal payment that could amount to a grant total of 33.6 billion,” he said. “Did any of this money go through the formal financial system? If so, the administration is not being truthful about the 1.7 billion. If many billions arrived in Iran on pallets [of cash] this would be a pretty astounding revelation.”

...

Read the full article here

Tags

cash-payment, iran