US seeks escalating fines against Turkey’s Halkbank over no-show in court

Daily Sabah | Jan 22, 2020 at 12:00 AM
  • The U.S. government said on Tuesday that Turkey’s state-owned Halkbank should be subjected to escalating fines totaling millions of dollars until it responds in court to criminal charges over helping Iran evade U.S. economic sanctions.
  • U.S. District Judge Richard Berman in Manhattan previously presided over a criminal case against Turkish-Iranian gold trader Reza Zarrab and Halkbank Deputy General Manager Mehmet Hakan Atilla.
  • When Atilla was convicted, Turkey blasted the verdict as “a scandalous decision in a scandalous case” and “a conspiracy aimed at complicating Turkey’s internal politics and intervening in Turkey’s internal affairs.”