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Last update - 08:35 15/05/2008 UBS denies funding terror in Israel By Reuters Tags: UBS, Israel, Iran  UBS AG Wednesday rejected allegations by American victims of bombings and rocket attacks in Israel that the Swiss bank helped fund the militants through dealings with Iran. The lawsuit seeks damages for more than 50 plaintiffs, including injured U.S. citizens or relatives of those killed in bombings in Israel between 1997 and 2006. It said the attacks were carried out by militant groups Hezbollah, Hamas and the Palestinian Islamic Jihad. UBS, Switzerland's largest bank, broke several 1996 U.S. laws that prohibit individuals and companies from engaging with state sponsors of terrorism and were designed to impede Iran's access to foreign capital, the suit said. Advertisement The lawsuit, filed in U.S. District Court in New York, cited U.S. government reports that conclude Iran has been the main sponsor of Hezbollah and Hamas since 1996, including providing tens of millions of dollars in cash annually. The U.S. government considers Hamas and Hezbollah terrorist organizations. "UBS wholly refutes the allegations made in a civil claim in U.S. District Court by Plaintiffs' counsel alleging UBS to be in some way responsible for attacks by Hamas and Hezbollah in 1999; 2001 and 2006," the bank said in a statement. "This is rejected by UBS and will be vigorously defended." In 2004, the United States fined UBS $100 million for transferring dollars to Iran, Cuba and other nations subject to U.S. trade sanctions, and then trying to hide the transactions. Two years later, UBS said it had cut ties with all of its clients in Iran. The people named in the suit include U.S. citizens in New York, California and Oregon. Several also live in Israel. The plaintiffs were victims of attacks, including a July 30, 1997, Hamas suicide bombing of an outdoor market in Jerusalem that killed 15 people and wounded 168, the lawsuit said. Bookmark to del.icio.us   Animated massacre Animated Israeli film at Cannes explores Sabra and Shatila massacre. Kowtowing to funders When papers are sponsored, can their reporting be truly independent?   1.   Iran is more than terror 08:01  |  Fritz T. 15/05/08   2.   They will deal with the devil for profit 10:33  |  sweis Melbourne 15/05/08   3.   # 2 sweis Melbourne, if we would replace the word Switzerland.... 11:39  |  Swiss (Dino) 15/05/08   4.   UBS a law unto themselves.. 12:44  |  Stephen. 15/05/08   5.   "There are two peoples living on this beloved land 13:55  |  x-ray 15/05/08   6.   outsider 14:08  |  Di 15/05/08   7.   Swiss (Dumbo): We Should Exchange You For Dead Jews 06:29  |  Tex 16/05/08

Read & React Barak: It won't be long before Israel stops rocket fire Responses: 159 Bush: We must be firm in face of those who murder innocents Responses: 140 Israel dismayed over allies' burgeoning trade with Iran Responses: 128 MI Chief: Rockets could reach Be'er Sheva within two years Responses: 92 Abbas: It's time to end the Nakba of the Palestinian people Responses: 118 Rosner's Domain Rosner's Guest: Is Judaism more a religion or a nationality? Poll: Was Bush attacking Obama? Herzl would have been proud to give Obama's interview Democratic hold on Jewish vote could slip (WTR) Bush, a job half-done More Headlines 05:52 Israel: Bush means business on Iran nukes 03:46 ANALYSIS: Who wants to stop Iran? 06:18 Was Bush's Knesset speech a swipe at Obama? 04:13 Israel urges Egypt to resume role in talks to free Shalit 02:35 Israel protests UN chief Ban Ki-Moon's use of term 'nakba' 05:00 Evidence surfaces of Herzl's desire to be buried in Haifa 05:51 Slovakian PM hopes to turn page, urges closer ties with Israel 05:23 Bin Laden expected to address Israel in upcoming message 06:15 Olmert petitions High Court against Talansky deposition 22:16 Qassam rocket strikes Sderot synagogue; no one hurt 06:05 Ashkelon mall back open after attack, but no one shopping 06:08 Peres: Conference 'promoted Israel around the world' 20:39 Philly Jewish paper accused of kowtowing to its funders Previous Editions Select Day 15 may 14 may 13 may 12 may 11 may 09 may 08 may 07 may 06 may 05 may 04 may 02 may

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