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Obama Paid $400 Million Ransom For Four Americans Held By Iran, Violating Federal Law

Obama Paid $400 Million Ransom For Four Americans Held By Iran, Violating Federal Law

CNBC

The U.S. airlifted $400 million of cash to Iran, with the payment coinciding with the January release of four Americans held in Tehran, The Wall Street Journal reported on Tuesday, citing officials briefed on the covert operation.

Euros, Swiss francs and other currencies were packed into wooden pallets and flown to Iran on an unmarked cargo plane, the paper added. The money was procured from the Dutch and Swiss central banks.

The payment was made in foreign currency as it is illegal under U.S. laws to deal with Iran in dollars. Iran also still faces sanctions limiting its access to global markets.

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