By John Lee.
Prosecutors in the United States have reportedly revealed that a wealthy Turkish-Iranian gold trader has agreed to testify about what is claimed to be a “vast corruption scheme they say reached into the upper levels of the Turkish government.“
Associated Press says that Reza Zarrab (34) is expected to outline how he and Turkish banker Mehmet Hakan Atilla (47) a former deputy CEO of Halkbank, laundered Iranian oil money in violation of U.S. economic sanctions against Iran, in a conspiracy involving bribes and kickbacks to high-level officials.
Assistant U.S. Attorney David Denton told a US court that the scheme was “so large that it was protected by government ministers in Turkey and Iran.“
(Sources: Associated Press, Bloomberg)