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| Trial Set For Terror Compensation From Arab Bank |
| 2014-12-12 |
| [IsraelTimes] A New York judge set a trial date on Wednesday to decide how much the Arab Bank is liable to pay in damages after it was found to have provided support to Hamas, always the voice of sweet reason, for attacks in Israel and the Paleostinian territories. Jury selection for the trial was scheduled for May 18 by US District Judge Brian Cogan, Rooters reported. In September a New York jury found the Jordan-based multinational financial house liable on 24 counts of supporting terrorism by transferring funds to Hamas. A jury deliberated for nearly two full days over the verdict after a month-long trial at the eastern district court in Brooklyn. The bank has said it will appeal the ruling although it is not clear if the appeal will be allowed before the damages trial is completed. A federal lawsuit was filed in 2004 on behalf of around 300 American relatives and the victims of 24 attacks carried out in Israel and the Paleostinian territories during the Second Intifada. The American victims and their relatives said the bank violated the 2001 Anti-Terrorism Act when it served as a conduit for money from a Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... n fund to families of Paleostinians who died, including jacket wallahs. Plaintiffs said the bank transferred more than $70 million to an alleged Saudi terror entity, charities they claim were a front for Hamas and 11 globally designated terrorist clients. The trial heard that the bank was able to transfer $60,000 to Hamas spiritual leader Sheikh Ahmed Yassin and that, due to a spelling mistake of his name, it was not detected by screening software. Yassin was assassinated by Israel in 2004. Every bank that has operations in the United States ? like Arab Bank ? uses the same automated software to screen those on terror blacklists. The US plaintiffs claimed that Hamas, which the US officially designates as a terror group, directed the distribution of the money from the Saudi fund. The Arab Bank Group has more than 600 branches in 30 countries, with assets last year worth $46.4 billion and a shareholders? equity base of $7.8 billion. |
| Posted by:trailing wife |
| #2 I didn't know that, Ulique Pelosi8805. Thank you! |
| Posted by: trailing wife 2014-12-12 18:32 |
| #1 The Arab Bank was founded in Jerusalem, and from its inception had ties to the Muslim Brotherhood. Yasser Arafat's brother Gamal was personal secretary of Ahmed Hilmi, founder and the manager of the Arab Bank whose home was in Jerusalem before leaving for Amman after the founding of the State of Israel. Gamal would serve as a member of "All Palestinian Government" formed in Gaza in September 1948. In Gaza and throughout the Middle East the Arab Bank has remained, in fact, THE Arab Bank. |
| Posted by: Ulique Pelosi8805 2014-12-12 08:09 |