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Swiss block on Shah funds in Swiss banks
Swiss authorities blocked deposits worth 2.7 million dollars in four Geneva banks to test Iranian claims that Shah Reza Pahlavi funds belong to Iran. Iranian lawyers seeking assets from the late shah and his family face a formal court battle, with Iran alleging ownership by the Iranian people. The villa believed worth up to 5 million dollars and the four banks Union Bank of Switzerland Swiss Bank Corporation Credit Bank Banque Populaire were named. Switzerland had warned Iran in 1979 to pursue standard legal procedures. Britain and Canada commented on diplomatic tensions with Iran amid other summit developments in Taif and St Moritz.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
UPI
Tehran
Shah Reza Pahlavi
Shah
Iran
St. Moritz
Erich Dieffenbacher
Christian Grober
Union Bank of Switzerland
Swiss Bank Corporation
The
Credit Bank
Banque Populaire
London
Foreign Office
Douglas Hurd
Britain
Hurd
Ottawa
Canada
Mark MacGuigan
MacGuigan