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US to sell Iran-owned skyscraper, hand proceeds to terror victims

Published on Apr 18, 2014 10:46 AM

NEW YORK (AFP) - US prosecutors have unveiled plans to sell an Iran-owned Manhattan skyscraper in the largest terror-related seizure ever, and distribute proceeds to families affected by attacks linked to Teheran.

The settlement on Thursday approved by a federal judge with 19 plaintiffs is the latest development in a long-running case over the fate of 650 Fifth Avenue.

The 36-story building is located in the heart of New York City.

Among the creditors are families and estates of victims of the 1983 bombings of US Marine barracks in Beirut that killed 241 military personnel and the 1996 bombing of the Khobar Towers in Saudi Arabia that killed 19 US service members.

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