Zarrab Bribed Turkish Minister, Ex-Halkbank CEO, U.S. Says

A Turkish gold trader accused in a conspiracy to evade American sanctions against Iran paid millions of dollars in bribes to a Turkish minister of economic affairs and a former chief executive officer of Turkiye Halk Bankasi AS, U.S. prosecutors said.

Prosecutors made the allegation Wednesday in a request to keep Reza Zarrab, owner and operator of Royal Holding A.S., in a U.S. prison. Zarrab was arrested in March and accused with two others of running a scheme to help the Iranian government launder hundreds of millions of dollars.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE