§ Mr. GummerTo ask the Chancellor of the Exchequer what arrangements have been made to compensate British nationals who were denied payments following the sequestration of the Rafidain bank after the Gulf War of 1991; and when they will be paid in full their outstanding moneys, including the accrued interest. [114507]
§ Mr. BoatengThe court placed the London branch of the Rafidain bank in provisional liquidation in 1991. The funds remain under the control of the court and, as a matter of law, must be used towards the general obligations of the bank. The Government do not compensate individuals for losses suffered or contracts broken as a result of the implementation of United Nations sanctions policies.