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Article: Arab Bank and Its New York Branch Sued for Aiding, Abbetting Palestinian Terrorism
- Article from:
- U.S. Newswire
- Article date:
- July 6, 2004
CopyrightCopyright 2004 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK, July 6 /U.S. Newswire/ -- Families of American terror
victims killed and injured in Palestinian terror attacks filed an
$875 million lawsuit this week accusing the Arab Bank and its New
York branch of knowingly aiding and abetting Palestinian terrorism.
Arab Bank launders Saudi payments to the families of suicide
bombers and other funds intended for Palestinian terrorist groups and
converts them into dollars at its Madison Avenue branch, the lawsuit
alleges. The funds are then re-routed to local branches of Arab Bank
in the West Bank and Gaza Strip and paid out to the personal accounts
of hundreds of terrorists and their families as well as Hamas front
organizations and other ...