#AceNewsServices – NEW YORK- September 24 – After just 2 days of deliberation by a jury, following a 5 week trial, and 10 years of legal battles, Jordan’s Arab Bank has been found guilty of helping “Hamas militants carry out a wave of violence in Israel that killed and wounded hundreds of Americans,” according to Bloomberg news.
‘ Arab Bank found Guilty of Funding Terrorism ‘
The financial assistance to Hamas took place between the years 1998 and 2004.
The trial took place in a Brooklyn federal court.
New York (AFP) – A New York jury will begin deliberations Friday on whether Arab Bank is guilty of aiding terrorism and transferring millions of dollars to Hamas during the second Palestinian uprising.
The hugely respected Jordan-based multinational went on trial in mid-August after 300 US relatives and victims of 24 attacks in Israel and the Palestinian territories filed a federal law suit in 2004.
The defence told the jury on Thursday there is no evidence Arab Bank executives supported terrorism and disputed that the institution knowingly made payments to designated terrorists.
The plaintiffs claim the bank transferred more than $70 million to an alleged Saudi terror entity, Palestinian charities they claim were a front for Hamas and 11 globally designated terrorist clients.
The trial heard that the Arab Bank transferred $60,000 to Hamas spiritual leader Sheikh Ahmed Yassin — who was assassinated by Israel in 2004 — due to a spelling mistake of his name which was not detected by banking software.
They also claimed that Hamas, which the US officially designates as a terror group, directed the distribution of the money from the Saudi fund.
Stephens said Arab Bank provided routine banking services and that no charity — including the Saudi committee — to whom it transferred funds were on any US, UN or EU blacklist at the time.
He said that between 2000 and 2004 its Saudi fund payments to 15,000 people each month were public and approved by Israel.
Werbner said that assertion was “complete fabrication.”
The plaintiffs question 180 of the Saudi payments to 24 families of purported Hamas operatives, or about one percent of the total, Stephens said.
He said there was no evidence to prove that any money transferred by Arab Bank had been used to finance terror attacks and that the cycle of violence in the decades-old Israeli-Palestinian conflict had nothing to do with his client.
“They’re guilty,” said Werbner.