Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Business
Politics
banking
Cuba
frozen assets
ING
sanctions
USA
Tuesday, May 12, 2015 - 15:15
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Brothers sue ING for billions in Cuba sanction violations

Cuban-American brothers Alfredo and Gustavo Villodo filed a lawsuit in the United States worth between 1.7 and five billion dollars against ING for not complying with the economic sanctions against Cuba, reports NOS. The Villodo brothers claim they suffered a severe financial and personal loss due to ING's choice to not respect the sanctions. Had ING frozen the assets of Cuba, American authorities could have accessed the money from those bank accounts. The brothers then could claim a portion because their family estate was nationalized by the communist regime, and their father eventually took his own life in despair. ING was previously fined by US authorities for not complying with sanctions against Cuba. A spokesman for the bank said that the claim had yet to be assessed by the court. The bank also posed the question of compensation to its shareholders. The Villodo family is prepared to file claims against more banks.

Follow us:

Latest stories

  • Explosion shatters windows in Amsterdam Nieuw-West
  • Doctors must report cases of monkeypox, RIVM advice says
  • 20 injured in Losser farm cart accident, 4 taken to hospital
  • MP’s demand quicker action against racism, discrimination
  • Burial mound near Dalfsen gives 'unique view' of hunebed builders
  • Van Gogh’s Yellow House now on display in former Hermitage

Top stories

  • Explosion shatters windows in Amsterdam Nieuw-West
  • Doctors must report cases of monkeypox, RIVM advice says
  • 20 injured in Losser farm cart accident, 4 taken to hospital
  • Second case of monkeypox found in the Netherlands: RIVM
  • Much unknown about first Dutch monkeypox cases, experts say
  • 17-year-old girl stabbed after Hilversum robbery; bystanders overpower suspect

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content