The domino effect of the confiscation of Iranian property by Crescent reached FIIB Bank

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-Wednesday 2025/01/29 - 01:26
News Code:12517
دومینوی مصادره اموال ایران توسط کرسنت به بانک FIIB رسید

After the confiscation of the Iranian Oil Company's assets in Rotterdam and London, Crescent seeks to confiscate $2 billion

Following the seizure of the Iranian Oil Company's assets in Rotterdam and London, Crescent is seeking to seize $2 billion of Babak Zanjani's frozen assets in Malaysia's FIIB Bank. This money is related to the sale of oil during the Ahmadinejad era, which became impossible to return after the sanctions.

These assets are related to the sale of oil that the Ahmadinejad government had provided to Babak Zanjani, but with the US sanctions and his arrest in Tehran, the possibility of its return was no longer possible.

Malaysian media wrote: "Crescent Petroleum has turned its attention to the frozen funds at FIIB Bank in Labuan, Malaysia. The $2.7 billion is said to be held in various international financial institutions called NIOC and its subsidiaries, including Naftiran Intertrade (NICO). Of this amount, about $2 billion has been frozen in Malaysia's FIIB Bank. Now, Crescent Petroleum is seeking court permission to access these financial reserves as part of the enforcement of arbitral awards." /Student

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