Law suit against Bank of China for transferring terrorist money

According to the Wall Street Journal, a lawsuit against the Bank of China has been filed in Los Angeles Superior Court, claiming that Bank of China transferred millions of dollars for terrorist groups bent on attacking Israel, ignoring demands by Israeli counterterrorism officials to halt the practice. The lawsuit was brought on behalf of more than 100 victims of terrorism in Israel and alleges that the money was transferred for the militant groups Hamas and Palestinian Islamic Jihad in Iran and Syria, and processed through Bank of China's branches in the U.S. and China. "I don't know about the matter," Wang Zhaowen, spokesman for the bank, told Dow Jones Newswires. According to one of the plaintiffs' attorneys, Bank of China now has 20 days to respond to the lawsuit under U.S. legal procedures.