Tag Archives | Halkbank

Video: Turkish banker Convicted in Iran Sanctions Case

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. A Turkish banker has been found guilty in a US court of taking part in a scheme to violate Washington’s sanctions against Iran. Mehmet Hakan Atilla and eight others were accused of moving […]

Turkish-Iranian Gold Trader Pleads Guilty

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 […]

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 […]

US charges Turkish Banker in Iran Sanctions Probe

By John Lee. Reuters reports that US prosecutors have charged an executive at the Turkish state-owned Halkbank in relation to alleged violations of US sanctions against Iran. Mehmet Hakan Atilla (47) is accused of conspiring with Turkish gold trader Reza Zarrab to use front companies and fake invoices to move hundreds of millions of dollars of […]

India’s IOC Clears $510m of Iran Oil Dues

Indian Oil Corp (IOC), the country’s biggest oil firm, has settled $510 million of its outstanding oil dues to Iran, a senior official with the corporation said. IOC Director Sanjiv Singh said the company has paid $510 million out of the total outstanding of $621 million due to Iran in past oil dues, Press Trust […]

India Clearing Remaining Iran Oil Dues via German Bank

Indian refiners have started to settle the rest of their outstanding oil dues to Iran via State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH), a report said. In an attempt to speed up payment of billions of Iranian oil dues, Indian refiners are settling their debts via EIH as timely payment of […]

India Pays some Oil Dues ahead of Modi’s Visit

The Indian government on Saturday paid the first part of its outstanding oil dues to Iran ahead of a visit by the country’s prime minister to the Islamic Republic, a report said. According to a report carried by the Business Standard, Indian refiners cleared part of their $6.5 billion debt to Iran in euros through […]