Witness in Iran sanctions case tells U.S. court he bribed Turkish minister

Turkish-Iranian gold trader Reza Zarrab, who laundered billions of dollars on behalf of Iran, testified at the Iran sanctions-busting trial in New York that he paid over $50 million in bribes in 2012 to then-Turkish economy minister  Zafer Caglayan as part of a $1 billion scheme to help Tehran evade U.S. sanctions, RFE/RL reports. Zarrab has pleaded guilty to fraud charges in the case and is cooperating with U.S. prosecutors as their star witness. Zarrab said the scheme to evade sanctions that Caglayan was a part of included using suitcases full of gold to launder Iran’s money.

 

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