Ex-Minister Charged with Conspiring to Evade Sanctions

By John Lee.

A former economy minister and other high-profile Turkish figures have been charged with conspiracy to evade US sanctions on Iran.

The indictment charges Mehmet Zafer Caglayan, along with the former head of Turkey’s state-owned Halkbank and with some of his deputies.

According to a report from The Washington Post, the investigation had focused mainly on Turkish-Iranian millionaire Reza Zarrab, whose network of companies are alleged to have been used to launder money for Iran.

More details here.

(Sources: US Dept of Justice, The Washington Post)

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