Reza

Turkish-Iranian jailed businessman Reza Zarrab, currently held in New York, was not freed from prison ahead of a trial that will take place on Nov. 27, Zarrab’s lawyer Şeyda Yıldırım told daily Hürriyet on Nov. 11.

Hakan Atilla, a deputy general manager of Halkbank who was arrested in the U.S. in March on charges of cooperating with Turkish-Iranian businessman Reza Zarrab in order to evade sanctions against Iran, has requested that a total of 15 Turkish witnessed be listened to by the court.   

U.S. prosecutors have charged a former Turkish economy minister and a former general manager of a state bank with conspiring to evade U.S. sanctions against Iran, with a Turkish minister defending his predecessor. 

A U.S. judge on May 16 signed a two-page order demanding to know if Rudolph Giuliani and Michael Mukasey, two lawyers of the Turkish-Iranian gold trader Reza Zarrab, produced any "work performed for President Trump's administration, including participation on United States commissions, such as those relating to the so-called 'Muslim ban' executive order," according to various reports.

Shares in Turkey's Halkbank tumbled as much as 16 percent early yesterday, the sharpest drop on record, after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran.

A Turkish gold trader's decision to hire former New York City Mayor Rudolph Giuliani and former U.S. Attorney General Michael Mukasey to represent him, as he defends against charges he conspired to violate U.S. sanctions on Iran, raises a potential conflict of interest, prosecutors said.

Iran's supreme court has upheld the death penalty against Iranian businessman Babek Zanjani for corruption, the judiciary said on Dec. 3, a sentence critics say will mask the identity of senior officials who supported him. 

A jury trial against Turkish-Iranian businessman Reza Zarrab that was scheduled to begin on Jan. 23, 2017, has been suspended until Oct. 16 after the judge in the fraud case ruled that the defendant's legal team required extra time to prepare for an additional indictment regarding Zarrab's alleged ties to Hezbollah.

Deutsche Bank and Bank of America were swindled by Turkish-Iranian businessman Reza Zarrab, the office of Manhattan Attorney Preet Bharara, who is the lead prosecutor against the controversial figure, has alleged.

Defense lawyers asked a U.S. federal judge on Oct. 5 to throw out a case against an Iranian-Turkish tycoon accused of defying sanctions on Tehran.