Iran is not following the agreement of the Obama/Kerry/Jarrett nuclear deal…
The Obama administration granted a license letting Iran access the United States financial system despite officials’ pledges that they would prohibit it, according to a draft report from the Senate’s Permanent Subcommittee on Investigations.
“On Feb. 24, 2016, the Treasury Department issued a specific license to Bank Muscat to authorize the conversion of Iran’s rials to euros through ‘any United States depository institution …,’” the draft report said. “Even after the specific license was issued, U.S. government officials maintained in congressional testimony that Iran would not be granted access to the U.S. financial system.”
“The Obama administration during the negotiation of the Iran deal misled the American people,” said Sen. Rob Portman (R-Ohio), subcommittee chairman. “I think they did so because they were desperate to get a deal.”
When the nations involved in the Iran nuclear agreement implemented the deal, Iran had $5.7 billion in assets at Bank Muscat in Muscat, Oman, maintained as Omani rials, according to the subcommittee. Iran wanted to access that money, and using the U.S. financial system to convert it “was the most efficient means, even though U.S. sanctions prohibited it,” according to the report.
Government officials tried to convince two U.S. banks to execute the conversion. They both declined, citing the complexity and the unwanted appearance involved in processing an Iranian transaction, according to the report.
Without a compliant American bank, a senior State Department official said he believed Bank Muscat and Iran eventually used European banks to convert the funds, said the committee.
Portman said his subcommittee began investigating the transaction last summer. In an interview with an unnamed senior State Department official, the panel said, the official acknowledged that the administration “’exceeded our JCPOA commitments’ because there was nothing in the JCPOA that required the issuance of the specific license,” according to the report. (JCPOA is the acronym for the Joint Comprehensive Plan of Action with Iran.)
The spirit of Neville Chamberlin lives on as EU notifies the United states it's commitment to Iranian nuke deal because ditching it would "upset" the region. Ask USA to look other way.
— Charles V Payne (@cvpayne) June 6, 2018
JPost: Intel report: Iran seeks weapons of mass destruction technology in Germany: “Iran continued to undertake efforts to obtain goods and know-how to be used for the development of weapons of mass destruction and to optimize corresponding missile delivery systems.”
FNC (video): Obama criticizes Trump’s decision to exit Iran deal
In short, Obama ignored the law. Moreover, in releasing those funds to the world’s leading state sponsor of terror, he made American taxpayers cover the damages owed by Iran for its acts of terrorism against American citizens.
That said, Trump doesn’t need an investigation to reveal the facts. In a recent phone call, Richman said Trump should release all the documents regarding the Obama administration’s payment of Iran’s claim, including the computation of the amount of interest allegedly owed, the amount of the U.S. counterclaim not used as an offset, the amount of the court judgments against Iran held by the U.S. under the 2000 statute, plus the amounts of interest on both the counterclaim and the court judgments.
“It’s hard to see why the Treasury Department has kept this information classified,” he said. “CIA director Mike Pompeo was involved in this issue when he was in Congress and knows there are many questions that Congress appropriately asked that have yet to be answered. Why doesn’t the Trump White House just release the documents so we can finally have some clarity.”