Halkbank US Supreme Court decision
According to Reuters news, the US Supreme Court overturned the lower court’s decision that allowed Halkbank to be prosecuted in the US. Halkbank’s shares rose after the decision.
The US Supreme Court has upheld a proposal by Turkey’s state lending institution Halkbank to avoid US criminal charges for allegedly helping Iran evade US economic sanctions.
The judges overturned a lower court decision allowing the proceedings to continue. He ordered the Manhattan-based Second United States Court of Appeals to reconsider Halkbank’s offer to dismiss the case.
WHAT HAPPENED?
Halkbank was indicted in New York in 2019 for allegedly using money service providers and shell companies in Iran, Turkey and the United Arab Emirates to evade US sanctions and pleaded not guilty to charges of bank fraud, money laundering and conspiracy.
Source: Sozcu
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
