Turkey’s Halkbank Pleads Not Guilty in Iran-Sanctions Case
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Turkey’s state-owned Halkbank pleaded not guilty Tuesday to U.S. charges that the bank helped Iran evade sanctions on billions of dollars in oil funds.
The plea, entered on behalf of the company by its lawyer, Robert Cary, comes after months of legal wrangling over the bank’s response to allegations of fraud, money laundering and conspiracy. The arraignment was conducted by U.S. District Judge Richard Berman in Manhattan by teleconference after many in-person hearings were halted over coronavirus fears.