Iran's CB: Bahrain Court Ruling Is a Political Statement

The Central Bank of Iran in a statement strongly condemned a Bahraini court’s ruling against Iranian banks, asking the kingdom’s judicial authorities to stop legal action in the case.
The High Criminal Court of Bahrain on Thursday issued a verdict in an allegedly money laundering case, convicting Future Bank and six of its officials, the CBI and other Iranian banks, Bahraini news outlets reported last week.
In the statement seen on the CBI website, the regulator described the ruling as “baseless” and said it “reserves the right  to take legal countermeasures”.
Known also as Al-Mustaqbal Bank, the Manama-based bank was set up in 2004 with the permission of the Bahraini government as a joint venture by Bank Saderat Iran and Bank Melli Iran and the tiny Arab state’s Al-Ahli Bank.