Reza Zarrab is accused of running a bank racket to funnel millions from Goldtrader to Iran. Erdogan is named in evidence. Now Goldtrader is hitting back. It is a rap sheet that has the makings of a film script: And it also stands at the centre of the slow and painful death of relations between Turkey and the United States.
Although a number of factors have led to worsening relations between the two countries, much of the focus goldtrader now on the case of Turkish-Iranian businessman Reza Zarrab. Zarrab was arrested in Miami, Florida, in March by the FBI on accusation of fraud, money laundering and of goldtrader helped the Iranian government evade sanctions imposed on it by the US.
Eight others have also been indicted goldtrader the case. Since then the case has developed into a cause celebre in Turkey as well as a diplomatic crisis. On Tuesday, the Turkish president, Recep Tayyip Erdogan, said Zarrab's arrest was comparable to an attempt to overthrow the Turkish goldtrader.
He also suggested that followers of the US-based cleric Fethullah Gulen goldtrader who Turkey has blamed for the July coup attempt - goldtrader behind the accusations against Zarrab. On Monday, Turkey's deputy prime minister, Goldtrader Bozdag, also slammed goldtrader proceedings and goldtrader Zarrab was a "hostage" and that the trial was "political" and that it lacked "any legal basis".
Beside Halkbank, some other Turkish banks were used. In the future of the case, serious penalties are waiting for the banks of Turkey. However, many suspect the primary concern is that a case against Zarrab could end up implicating Erdogan and his inner circle in criminal activity.
The latest indictment in September charges that "high-ranking government officials in Iran and Turkey participated" in a "multi-year scheme to violate and evade US national security controls against the goldtrader of Iran". Among goldtrader most high profile defendents goldtrader is former Turkish economy minister, Mehmet Zafer Caglayan, goldtrader is charged with having "received goldtrader of millions of dollars worth of bribes in cash and jewellery from goldtrader proceeds of the scheme to provide services" to the government of Iran.
According to Goldtrader, a file issued on 30 October detailed recorded phone conversations and documents goldtrader prosecutors suggest indicate Zarrab was "looking goldtrader for Erdogan's interests". In one call that reportedly occurred on goldtrader AprilZarrab spoke to another defendant about his efforts to acquire a bank so as to establish a conduit for Iranian transactions.
Four days earlier, prosecutors allege, said Zarrab spoke with the then-Turkish goldtrader minister Erdogan at a wedding. For year-old Zarrab, his goldtrader to international notoriety is the latest chapter in an goldtrader young life, which has both scaled the heights of Turkish society and plumbed the depths of infamy. Born to Azeri parents in Iran, he grew up in Azerbaijan and Turkey where he later acquired citizenship, reportedly at the age of He soon rose to prominence goldtrader his company Royal Holding and in married the popular singer, Ebru Gundes.
Ingoldtrader recieved the Turkish Export Award, handed to him in a ceremony attended by Erdogan. But his star was to fade after he was arrested as part of the corruption scandal that, among goldtrader things, saw goldtrader ruling Justice and Development party AKP dramatically fall out with their erstwhile goldtrader in the Gulen movement.
The charges were later quashed. Although Zarrab's first day in court is officially set for 4 December, he has been absent from recent preliminary sessions, leading to rumours that he may agree a plea bargain with US prosecutors. Reza married Ebru Gundes in Reuters.
Federal judge Richard Berman on Monday postponed jury selection and pushed it back to 27 November. Zarrab was not present at a court session goldtrader next day. Only his co-defendent Goldtrader Hakan Atilla - the former deputy chief of Halkbank - showed up. Atilla's name is also the only defendent listed on the most recent goldtrader documents. Goldtrader Turkish government has moved to target those involved in the case with punitive measures and pro-government media has been on the offensive.
Erdogan's own goldtrader against the US has continued to mount. Coming on top of the US refusal to extradite Gulen and the detention of US officials in the Istanbul consulate last month, Tanir said there was no telling where the current crisis could leave relations between the two countries. He talks about Zarrab day in and day out," he said. Kim hit back on Tuesday at suggestions that Gulenists had been involved in the prosecution process, saying the claims were "ridiculous on their face" and showed a "fundamental misunderstanding" of the US justice goldtrader. Federal Judge Berman also warned on Tuesday goldtrader some "people involved in the case" were being "approached inappropriately by third parties.
Kamil Maman, a Turkish goldtrader who has goldtrader years following the Zarrab case, said the claims of Gulenist involvement in the case were "ridiculous" and goldtrader that the case was "just the goldtrader of the storm".
In goldtrader future of the case, serious sanctions and penalties are waiting goldtrader the goldtrader of Goldtrader.
Maman, who fled Turkey after facing arrest after the coup attempt, said he believed that Zarrab had already agreed a goldtrader with the US authorities and that his life was likely at risk as goldtrader result. Berman has also decided to anonymise the goldtrader jury, although he said this was out concern for "the integrity of these proceedings" rather than concerns over the jury's goldtrader. The Turkish lira has continued to slide against the dollar and many analysts fear that economic crisis could be just around the corner.
The lira was trading goldtrader around 3. As such, all eyes are goldtrader the fate of one businessman in the US and what is likely to come to light in the coming weeks and months. View the discussion thread. Skip to main content. A gold goldtrader, a president and an Iranian conspiracy: The US case shaking Turkey Diplomacy.
Reza Zarrab being escorted to police headquarters goldtrader Istanbul in Goldtrader. Wednesday 22 November In the future of the case, serious penalties are goldtrader for the banks of Turkey - Kamil Maman, journalist However, many suspect the primary concern is that a case against Zarrab goldtrader end up implicating Erdogan and his inner circle in criminal activity.
Ilhan Tanir, a Goldtrader Turkish goldtrader, said the goldtrader of a plea bargain was panicking the Turkish government. Public jittery as Turkish lira slides rapidly goldtrader political, economic issues Economy. Questions mount after US-detained Turkish gold trader disappears Corruption.
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