Bank Mellat

Where will the Zarrab case head next? This was the question. And last week, something happened which might give an idea about the boundaries of this massive investigation. After Reza Zarrab, the Turkish-Iranian businessman who was arrested last March in Miami, two Turkish citizens were caught, this time in Europe.

An indictment for Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami a month ago over attempting to evade U.S. sanctions on Iran, has expanded from New York to include "Turkey, the United Arab Emirates and elsewhere" as places where the crime may have been committed. 

Reza Zarrab, the controversial Turkish-Iranian businessman who was arrested in the U.S. last month on charges that he and others conspired to conduct hundreds of millions of dollars in financial transactions for the Iranian government or other entities to evade U.S. sanctions, waived a right to a bond hearing in Miami, Florida.

Turkey's Halkbank has said it found several reports and comments which linked the lender with an ongoing investigation conducted in the U.S. against an Iranian-born Turkish businessman unfair, inappropriate and law-breaking in a written statement. 

Reza Zarrab, an Iranian-born Turkish businessman who was acquitted in a vast Turkish graft probe in 2014 after 70 days in jail, has been arrested in Florida on charges of conspiracy to conduct hundreds of millions of dollars in financial transactions for the Iranian government or other entities to evade U.S. sanctions. 

An Iranian-born Turkish businessman has been arrested in Florida on charges that he and others conspired to conduct hundreds of millions of dollars in financial transactions for the Iranian government or other entities to evade U.S. sanctions. 

The European Court of Justice ruled on Feb. 18 that the assets of Iran's Bank Mellat should not have been frozen from 2010, dismissing an appeal brought by the European Council. 

The Council, the grouping of the EU's 28 member states, froze the funds of a number of Iranian financial entities from 2010 to combat Iranian activities that could have led to it developing nuclear weapons.