U.K. Government Settles Lawsuit from Bank Mellat

Posted on 06/25/2019

In 2009, the U.K. Treasury, under the Labour Party of U.K. Prime Minister Gordon Brown’s adminstration, accused Iran-based Bank Mellat of financing companies that were involved with Iran’s nuclear program. Bank Mellat sued the U.K. government in a £1.3 billion claim arguing that its actions damaged the bank’s reputation, which led to a loss in […]