Saturday, December 15, 2018
   
Text Size

Site Search powered by Ajax

Turkey detains over 200 people for 'illicit money transfers'

Investigation found $400m was transferred from Turkey to 28,088 accounts, mostly people of Iranian origin in the US.

Turkish police have detained over 200 people in a major nationwide crackdown on illicit money transfers to individuals of Iranian origin living in the United States.

An Istanbul court issued arrest warrants for a total of 417 suspects and rounded up 216 on Tuesday in a nationwide operation carried out in 40 cities, Anadolu Agency reported.

The suspects are facing charges including criminal conspiracy and violating measures to prevent terrorism financing, Anadolu said.

There were no further details on which the suspects are.

An investigation found that from the beginning of 2017 some 2.4 billion lira ($400m) had been transferred from Turkey to a total of 28,088 accounts abroad from several banks, it added.

Those conducting the money transfers earned "commissions", Anadolu said, citing the investigation, while the large majority of the recipients of the funds were people of Iranian origin living in the US.

There were no further details on who these individuals were and if the transfers had an overall aim.

The arrests come as the US is in the process of reimposing sanctions on Iran after Washington pulled out of a 2015 international deal limiting the nation's nuclear programme, including on Iran's ability to use the international financial system and export oil.

They also come several months after Turkey-US relations hit a rough patch over the detention of a US pastor, with US President Donald Trump making comments that sent the Turkish lira tumbling.

Sanctions busting has also been a source of tension between Washington and Ankara.

US authorities earlier this year convicted Mehmet Hakan Atilla, deputy director general of Turkish lender Halkbank on charges of helping Iran evade US sanctions on billions of dollars of oil proceeds.

In the case, Iranian-Turkish trader Reza Zarrab, who was once close to the Ankara authorities, gave evidence accusing the Turkish leadership of being complicit in the scheme.

Turkey depends on foreign suppliers including Iran for its energy needs. The country imports oil and natural gas from Russia, as well as from neighbouring Iran.


blog comments powered by Disqus

Subscribe via RSS or Email:

Israeli air raids kill five Palesti...

Read More

Fierce fighting 'eases' in Hodeidah...

Read More

Saudis discussed killing enemies a ...

Read More

Khashoggi killing: Demand for justi...

Read More

Israel kills seven Palestinians in ...

Read More

UK calls for end to Yemen war, Khas...

Read More

Most Read Articles

Most Read News

Donation

Thanks to all of our supporters for your generosity and your encouragement of an independent press!

Enter Amount:

Featured_Author

Login






Login reminder Forgot login?

Subscribe to MWC News Alert

Email Address

Subscribe in a reader Facebok page Twitter page

Israel pounds Gaza

India's Kerala state devastated

Capturing life under apartheid