BARACK OBAMA paid $400M to Iran assumed as Ransom

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On Iran, Obama expressed surprise at criticism of his administration’s cash payment to settle a longstanding legal claim, adamantly rejecting claims that it was a ransom paid for the release of the four Americans.

WASHINGTON: President Barack Obama vigorously denies that a $400 million cash payment to Iran was ransom to secure the release of four Americans jailed in Tehran. He defended the transaction as evidence that the nuclear accord with Iran has allowed for progress on other matters.

He pointed out that the payment, along with an additional $1.3 billion in interest to be paid later, was announced by the administration when it was concluded in January, a day after the implementation of a landmark nuclear agreement with Iran. “It wasn’t a secret. We were completely open about it,” he said.

Obama allowed that the one piece of new information, first reported this week by The Wall Street Journal, was that the $400 million was paid in cash. It was delivered to Iran on palettes aboard an unmarked plane.

“The only bit of news is that we paid cash,” he said. “The reason is because we couldn’t send them a check and we couldn’t wire the money. We don’t have a banking relationship with Iran which is part of the pressure we applied on them.”

 

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