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Iranian Banker Scores Bail In $115M Sanctions-Dodging Fight

Law360, New York (May 24, 2018, 6:45 PM EDT) -- A Manhattan federal judge on Thursday agreed to the pretrial release of the Iranian chairman of a Maltese bank as he faces charges of evading U.S. sanctions on Iran by funneling $115 million in Venezuelan construction funds through American banks, following a protracted fight over a $34 million bail package.

Despite fierce opposition from prosecutors, U.S. District Judge Andrew Carter agreed to release Ali Sadr Hashemi Nejad, the 38-year-old scion of the family behind Iranian conglomerate Stratus Group, pursuant to a deal consisting of roughly $34...
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