Reply #9: 9/11 relatives sue bank in terror attacks

[seemslikeadream]

Islander joins action accusing Washington's Riggs National Bank of aiding al-Qaida backers
Tuesday, September 14, 2004
By TERENCE J. KIVLAN

WASHINGTON -- Lawyers for Sept. 11 families suing the Saudis have filed a related class-action legal action accusing a major bank here of aiding financial backers of the al-Qaida terrorist group through negligence.

The bank, Riggs National Bank, was fined $25 million in May for failing to properly monitor millions of dollars in Saudi financial transactions, including withdrawals now being investigated for possible connections to terrorism.

The suit charged that Riggs officials "impeded the battle against terrorism and substantially contributed to the terrorists being permitted to evade detection."

Riggs has been under investigation since regulators reportedly traced the "charitable contributions" to the hijackers two years ago. Since then investigators have discovered tens of millions of dollars in questionable transactions at Riggs by Saudi diplomats.

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