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September 7, 2016 11:03 am

Obama Admin Admits Transfer of $1.7 Billion to Iran as American Hostages Released

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Iranian Foreign Miniser Mohammad Javad Zarif, left, and US Secretary of State John Kerry. Photo: Wikipedia

Iranian Foreign Miniser Mohammad Javad Zarif, left, and US Secretary of State John Kerry. Photo: Wikipedia

The Obama administration disclosed to Congress on Tuesday that it transferred a total of $1.7  billion in cash through Swiss banks to Iran around the time American hostages were released this year, about four times the amount originally disclosed to the public, sources told Circa.

The news was delivered by the State, Defense and Treasury Departments in a private briefing to congressional staff who went into the meeting thinking they were learning more detail about the $400 million in payments originally reported in the news media.

Read full story at Circa.

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  • shloime

    whether the payment was $400 million or $1700 million, or whether it was in small bills or swiss bank drafts or gold bars, the principle remains the same: the obama administration has totally caved on the idea of not paying ransoms for american hostages.

    and this can only make the world a more dangerous place for americans.

  • Jay Lavine

    The $1.7 billion was owed by the U.S. to Iran, so that’s not the problem here. The problem is that the U.S. originally claimed that the timing of the payments had nothing to do with the release of the hostages, and that turned out to be a lie.

    “Oh! What a tangled web we weave
    When first we practise to deceive!”
    — Marmion

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