Tag Archive for Arab Bank

| October 13, 2017
No comments

Families of Victims of Palestinian Terror Seek Justice at U.S. Supreme Court

The Jordan-based Arab Bank, strategically chosen by Palestinian terrorist groups, converted various currencies into dollars then wire transferred payments to the accounts of known Hamas operatives who murdered Israeli-Americans, violated international norms barring the funding of terrorism, so, will be judged by the U.S. Supreme Court.

By Yair Altman

 

The U.S. Supreme Court on Wednesday was scheduled to hold its first hearing on a lawsuit filed by Israeli victims of terrorism against Arab Bank Plc, claiming it knowingly funded Palestinian terrorist groups, including Hamas.

The Jordan-based Arab Bank is one of the largest financial institutions in the Middle East. It has 190 branches worldwide and holds accounts for various governments and global conglomerates. Continue Reading »

Category: The Diaspora | Tags: , , ,
| April 5, 2017
No comments

US Supreme Court to Hear Case of Jordanian Bank Financing Palestinian Terrorism

 

US Supreme Court agreed to consider reviving the Arab Bank of Jordan case, of knowingly financing Palestinians to commit acts of terrorism, including suicide bombings and other attacks, that  resulted in the death of scores of Americans.

By REUTERS

 

WASHINGTON – The US Supreme Court on Monday agreed to consider reviving litigation seeking to hold Arab Bank Plc financially liable for militant attacks in Israel and the Palestinian territories that accused the Jordan-based bank of being the “paymaster” to militant groups.

Aftermath of Jerusalem bus bombing – Photo: Wikipedia

The justices agreed to hear an appeal by roughly 6,000 plaintiffs, who included relatives of non-US citizens killed in such attacks and survivors of the incidents, of a lower court ruling throwing out the litigation. Continue Reading »

Category: The Diaspora | Tags: , , , ,
| May 26, 2016
No comments

Arab Bank to pay victims of Palestinian terror, precise figure depends on upcoming appeal

 

view videoThe Jordanian based Arab Bank reaches settlement with families of Palestinian terror victims, setting aside $1 billion to cover claims.

By David Rosenberg

 

The Amman-based Arab Bank on Tuesday agreed to settle a class action lawsuit brought by the families of terror victims killed in attacks the plaintiffs say the Arab Bank helped fund.

The settlement stems from a 2014 decision by a New York jury finding the bank liable for damages. According to the lawsuit, the bank knowingly maintained accounts for Hamas terrorists and transferred payments to relatives of suicide bombers from 2000 to 2005.

RELATED:

Bank officials said in January that $1 billion had been set aside for “expected obligations” related to the lawsuits, according to a report byReuters. Continue Reading »

Category: Israel News | Tags: , , ,
| August 15, 2015
No comments

Arab Bank settles in terror case after series of defeats in other US terror lawsuits

Settlement comes after U.S. jury ruled the Arab Bank guilty after transferring $70 million to Saudi terror entity and must compensate families of victims of multiple Palestinian terror attacks.

By i24news

 

Arab Bank has reached a settlement with hundreds of US victims of attacks in Israel and the Palestinian territories who filed a lawsuit accusing the bank of supporting terrorism.

Aftermath of Jerusalem bus bombing – Photo: Wikipedia

A spokesperson for the bank confirmed to AFP that an agreement had been reached, but provided no details of the settlement. The amount of the settlement was not immediately revealed.

One of the lawyers for the plaintiffs said the Bank would make a statement and declined to comment. Continue Reading »

Category: The Diaspora | Tags: , ,
| April 8, 2015
No comments

Arab Bank Loses Appeal in Liability Verdict Over Hamas Terror Attacks

Verdict against Arab Bank upheld with judge saying case was based on ‘volumes’ of evidence and orders the Jordan-based bank to pay $655.5 million, reflecting triple damages, under US federal anti-terrorism law.

By Arutz Sheva Staff

 

Arab Bank has lost its appeal to a US court over liability for supporting terrorists on Wednesday, after the judge declared the original verdict in the case to be based on an overwhelming amount of evidence against the company.

In September a federal jury found Arab Bank liable for providing material support to Hamas in two dozen attacks attributed to the terrorist group. 
Continue Reading »
Category: The Diaspora | Tags: , ,
| December 11, 2014
No comments

United States District Judge scheduled jury selection for damages trial against Arab Bank

A jury will determine how much money the Jordanian-based bank, found guilty of violating the Anti-Terrorism Act, owes in damages to the American victims of Hamas terror attacks the Arab Bank funded.

By Cynthia Blank

 

Arab Bank will face a jury trial in May to determine how much money it owes in damages to victims of Hamas terrorist attacks in Israel, a court order stated.

In September a federal jury found Arab Bank liable for providing material support to Hamas in two dozen attacks attributed to the terrorist group. Nearly 300 Americans who were either victims or related to victims of the attacks were plaintiffs in the suit.

Continue Reading »
Category: The Diaspora | Tags: , , , , ,
| November 22, 2013
No comments

Arab Bank: Can’t Deposit,Withdraw ‘Bonus’ Given to Released Murderers, it’s ‘Terror Money’

Arab Bank in Ramallah refuses to transfer/deposit/withdraw Israeli released terrorists’ monthly stipend from Abbas’ Palestinian Authority.

The new policy comes as bank faces terror funding lawsuits.

By Dalit Halevi, Ari Yashar

 

 

A released terrorist claims that the Arab Bank in Ramallah refused to transfer the monthly salary he receives from the Ministry of Prisoners into his private account, calling the salary “terror money.”

Each of the 26 terrorists released in the second batch of “gestures” to the Palestinian Authority (PA) received a $50,000 grant. In addition, those imprisoned over 25 years received senior governmental posts with a 14,000 shekels ($4,000) monthly salary, and those imprisoned under 25 years are to receive a monthly 10,000 shekels ($2,800) stipend. Continue Reading »

Category: Mid-East News | Tags: , , , ,