Britain Preparing to Transfer £400 Million to Iran: Telegraph Newspaper

Iranian-British aid worker Nazanin Zaghari-Ratcliffe is seen with her husband Richard Ratcliffe and her daughter Gabriella in an undated photograph handed out by her family. Ratcliffe Family Handout via REUTERS

LONDON—Britain is preparing to transfer over £400 million ($527 million) to Iran as it seeks the release of a jailed Iranian-British aid worker, The Telegraph newspaper reported, citing unidentified British sources.

Nazanin Zaghari-Ratcliffe, a project manager with the Thomson Reuters Foundation, was sentenced to five years after being convicted by an Iranian court of plotting to overthrow the clerical establishment. She denies the charges.