US court rules to confiscate more than $240,000 from North Korea for deceased student's family

According to The Washington Post, the court approved the seizure of funds from the accounts of Korea Kwangson Banking Corp.

after North Korean and bank officials failed to respond to court notices.

Since the bank acts as a representative of the state, the court ordered the New York State Comptroller's Office to seize the money for further transfer to the Otto Warmbier Foundation, the newspaper reports.

In March 2016, a 22-year-old student was sentenced to 15 years hard labor in the DPRK.

After 15 months in prison, he returned to the United States in a coma.

On June 19, 2017, the student's parents announced his death.

In April 2018, Warmbier's parents sued the North Korean authorities over the fact that the young man was "tortured and killed" by North Korea.