The Hague, Mar 30 (AP) The United Nations' top court has rejected Tehran's legal bid to free up some USD 2 billion in Iranian central bank assets frozen by US authorities to be paid in compensation to victims of a 1983 bombing in Lebanon and other attacks linked to Iran.

In a 10-5 majority ruling, the International Court of Justice said Thursday it did not have jurisdiction to rule on the Iranian claim linked to the central Markazi Bank.

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In a complex, 67-page judgment, the world court found that some other US moves to seize assets of Iran and Iranians in the United States breached a 1955 treaty between the countries and said they should negotiate compensation. If they fail to reach a number, they will have to return to the Hague-based court for a ruling.

But the largest part of the case focused on Bank Markazi, and its frozen assets of USD 1.75 billion in bonds, plus accumulated interest, that are held in a Citibank account in New York. The court said that it did not have jurisdiction based on the 1955 Treaty of Amity. (AP)

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)