U.S. Charges 4 Turks With Conspiring to Violate Iran Sanctions

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A former Turkish economy minister and three other Turks have been charged by federal prosecutors with participating in a broad conspiracy to violate sanctions against Iran.

Mehmet Zafer Caglayan, 59, who served as the Turkish economy minister from 2011 until 2013 and currently serves in the Turkish Parliament, is accused of receiving “tens of millions of dollars’ worth of bribes in cash and jewelry from the proceeds of the scheme to provide services to the Government of Iran and to conceal those services from U.S. government officials,” according to a Justice Department press release.

The new indictment also said that high-ranking government officials in Iran and Turkey “participated in and protected this scheme,” with some officials taking bribes.

In addition, the indictment said, the leaders of a bank that is majority-owned by the Turkish government “participated in the design of fraudulent transactions intended to deceive U.S. regulators and foreign banks.” Other court filings show it is Halkbank.

Read more here: nytimes.com


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