Loretta Lynch Attorney General in $1.7b Iran Cover Up

Loretta Lynch Attorney General in $1.7b Iran Cover Up

Loretta Lynch Attorney General in $1.7b Iran Cover Up

Obama’s Attorney General that he pushed so hard for has done her job, falling on her sword, declining to comply with an investigation by leading members of Congress about the Obama administration’s secret efforts to send Iran $1.7 billion in cash earlier this year.

Lynch was asked by Congress in October a series of questions about how the cash payment to Iran was approved and delivered.

In an Oct. 24 response, Assistant Attorney General Peter Kadzik responded on Lynch’s behalf, refusing to answer the questions and informing the lawmakers that they are barred from publicly disclosing any details about the cash payment, which was bound up in a ransom deal aimed at freeing several American hostages from Iran.

“It is frankly unacceptable that your department refuses to answer straightforward questions from the people’s elected representatives in Congress about an important national security issue,” the lawmakers wrote. “Your staff failed to address any of our questions, and instead provided a copy of public testimony and a lecture about the sensitivity of information associated with this issue.”

“As the United States’ chief law enforcement officer, it is outrageous that you would essentially plead the fifth and refuse to respond to inquiries,” they stated. “The actions of your department come at time when Iran continues to hold Americans hostage and unjustly sentence them to prison.”

The Obama administration allowed $1.7 billion in cash to go to Iran earlier this year.

Obama administration officials had initially denied the two transactions were linked. But later, officials acknowledged the U.S. had withheld the cash to pressure Iran to move forward with the releases and guarantee the Americans were allowed to leave Iran.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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