Halkbank
Coverage of Halkbank in the Nexus archive.
- Gold trader gets time served in Iran sanctions case that strained US-Turkey relations
Reza Zarrab, a businessman who admitted helping Iran evade U.S. sanctions through gold trades with a Turkish bank, will not face additional prison time after cooperating with U.S. investigators. His case strained U.S.-Turkey relations as Turkish President Recep Tayyip Erdogan publicly opposed the allegations, claiming they were part of a U.S. plot against Turkey.
- Key witness in US probe of Turkey's Halkbank avoids prison time
Reza Zarrab, a key cooperating witness in the U.S. government's investigation into Turkey's Halkbank's alleged role in Iran sanctions evasion, avoided prison time and was sentenced to time served. U.S. District Judge Richard Berman ordered the sentence, with prosecutors emphasizing his cooperation in the case.
- US prosecutors credit gold trader in Iran sanctions case with key help ahead of sentencing
U.S. prosecutors are seeking leniency for Turkish-Iranian businessman Reza Zarrab, who admitted to helping Iran evade sanctions and provided key testimony in a 2017 trial that strained U.S.-Turkey relations. Zarrab's cooperation included exposing bribes to Turkish officials and facing threats and asset freezes from Turkey after his testimony.
- US prosecutors credit gold trader in Iran sanctions case with key help ahead of sentencing
U.S. prosecutors credit Turkish-Iranian gold trader Reza Zarrab for providing key testimony in a 2017 trial against a Turkish banker, which strained U.S.-Turkey relations. Zarrab admitted to helping Iran evade sanctions and faced threats and asset freezes from Turkey after cooperating with U.S. authorities. The U.S. government recently dismissed a case against Turkey's Halkbank amid improved ties between President Recep Tayyip Erdogan and Donald Trump.
- Key witness in US probe of Turkey's Halkbank to be sentenced 9 years after plea
Reza Zarrab, a cooperating witness in the U.S. government's investigation into Halkbank's alleged role in Iran sanctions evasion, is set to be sentenced on July 14, nearly nine years after pleading guilty. Sentencing delays for cooperating witnesses are common in U.S. criminal cases until related trials conclude.
- US Asks to Drop Iran Sanctions Case Against Turkey’s Halkbank
The US has requested to drop a case related to Iran sanctions against Turkey's Halkbank.
- Turkey Overhauls Leadership at State Lenders Halkbank, Vakifbank
Turkey is restructuring leadership at its state-owned banks Halkbank and Vakifbank. The overhaul includes changes at a Turkiye Halk Bankasi branch in Istanbul.