US Court Told Of Alleged Iranian Scheme To Evade Sanctions Via Turkey

A scheme allegedly used by Iran to evade sanctions through a state-owned bank in Turkey has been detailed in court in New York by a Turkish-Iranian businessman who claims he bribed a former Turkish economy minister €50m as part of the billion-dollar operation. In a case that has strained relations between Turkey and the US, Reza Zarrab, a gold trader, described a sprawling money-laundering network that allowed Iran access to international markets in violation of sanctions imposed on it over Zarrab had faced charges including bank fraud and money laundering…

Read More