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HONG KONG (AP) - The head of a Macau bank holding $25 million in North Korean funds denied Thursday that the money was linked to illicit dealings as alleged by the United States.
The 50 North Korean accounts at Banco Delta Asia were frozen in September 2005 after the U.S. accused the bank of helping Pyongyang launder money and handle counterfeit U.S. bills.
The fate of the allegedly tainted funds has hobbled North Korea's negotiations with South Korea, the U.S., Japan, Russia and China to disarm its nuclear program.
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