Obama lied to Congress & skirted sanctions to try to funnel cash to Iran

· June 6, 2018  
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Barack Obama and Susan Rice
White House Photo

A Senate report unveiled Wednesday displayed shocking new revelations about the “scandal-free” Obama administration and its hell-bent, desperate quest to secure a deal with the Iranian regime.

On Wednesday, the U.S. Senate Homeland Security Committee revealed that the Obama administration ignored U.S. sanctions, lied to Congress, and misled the American people in order to funnel billions of dollars to the terrorist regime that rules Iran.

The Associated Press reports:

“The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so.”

The Senate committee found that the Obama Treasury Department planned to issue a sanctions-thwarting license to empower two U.S. banks to help Iran convert $5.7 billion Omani rials into Euros. They did this by first exchanging the Omani currency into U.S. dollars.

“If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system,” the AP report added.

“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” Sen. Rob Portman, the chair of the Permanent Subcommittee on Investigations, said in a statement. “Despite claims both before and after the Iran deal was completed that the U.S. financial system would remain off limits, the Obama administration issued a specific license allowing Iran to convert billions of dollars in assets using the U.S. financial system.”

 


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Author: Jordan Schachtel

Jordan Schachtel is the national security correspondent for Conservative Review and editor of The Dossier for CRTV. Follow him on Twitter @JordanSchachtel.