We pay Iran £400 million

Command_doh

LE
Book Reviewer
#1
Oh good. I'm sure it won't be used for the proliferation of nuclear arms, be given to the Iraqi Shiaa 'insurgents', or be used for IED's to blow our lot to pieces. How about we say 'Fcuk you, you terrorist supporting nation'? No, that would be far too simple.

Britain is to pay back £400 million it has owed Iran since the Islamic revolution more than 30 years ago.

The Ministry of Defence has announced it is to return money paid upfront by the former regime of the Shah of Iran for a huge consignment of tanks and support vehicles ordered in the 1970s.

The Iranian side cancelled the contract at the time of the revolution, but the British government said it could not have its money back.

After a case that has lingered for three decades at the arbitration court of the International Chamber of Commerce, Iran finally won a ruling in its favour in April last year. Since then, negotiations have been under way to arrange for the sum to be returned.

The original contract was worth £650 million, but only 185 of the 1,500 Chieftain tanks and 250 support vehicles ordered were supplied.

Some of the remainder were sold to Jordan – and some of the support vehicles to Iraq, where they were used against Iran in the eight year-long war between the two.

Whitehall says International Military Services Ltd (IMS), the government subsidiary that arranged the deal, is now waiting for Iran to apply for the return of the funds.

"The dispute between International Military Services Ltd and Iran relates to contracts signed in the 1970s with the pre-revolution Iranian regime," a Ministry of Defence spokeswoman said yesterday.

"IMS is a private limited company but is owned by the Government. It is rightly subject to, and will comply with, UK and international law." It is unclear why, a year on, the Iranians have not yet applied for the cash. The Iranian side has yet to make a comment.

But one immediate reason is that even if they do, the cash will not be transferred straight to Iran. It will join Pounds 976 million of Iranian assets that have been frozen in a special account in Britain by European Union sanctions since the revolution.

Officials say the loss of the money will not affect Britain's already large budget deficit. In 2002, the government lodged £486 million with the High Court pending judgement - in excess of the £390 million that seems set to be repaid.
On the other hand, I suppose this is money Bruin couldn't be giving away to another country in aid, or some other collosal waste. Seeing as how flush we are as a nation....

http://www.telegraph.co.uk/news/wor...836/Britain-to-pay-back-Iran-400-million.html

EDIT

I don't care if they haven't asked for it and its just going to go into 'frozen assets'. Its just b0llocks that this kind of thing happens and we can't just grow a spine and say 'sorry, no'.
 
#2
But one immediate reason is that even if they do, the cash will not be transferred straight to Iran. It will join Pounds 976 million of Iranian assets that have been frozen in a special account in Britain by European Union sanctions since the revolution.
Essentially we're just offing another £400million to the EU with a caveat that "we're repaying a long-standing debt to Iran..."

BALLS.
 
#4
They got the numbers/names well wrong there, unless the are only counting the Shir 2s( Chally 1 ) as I remember them buying about 800, Cheiftains/Shir !s
 
#5
Out of interest, did the Chieftains perform well in the Iran/Iraq war if they were used? It would be interesting to know how they fared against the Iraqi's Soviet MBTs.
 
#6
But one immediate reason is that even if they do, the cash will not be transferred straight to Iran. It will join Pounds 976 million of Iranian assets that have been frozen in a special account in Britain by European Union sanctions since the revolution.
So we will, in fact, not be paying Iran £400 million?
 
#7
It's not often one can say this - but we should take a leaf out of Iceland's book and hold a referendum!
 
R

renamed_user

Guest
#8
Can we deduct the cost of those RN and RM boats the Iranians hijacked and won't give back and I think there is also the issue of an Ipod plus some hurt feelings to be addressed?
If we use the compensation system used in the Bloody Sunday enquiry for example I think the UK owes the Iranians the steam off my piss!
 
#9
0 to pointless-RN-pisstaking in 7 posts after the mention 'Iranian' - not bad.
 

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