Gold trader gets time served in Iran sanctions case that strained US-Turkey relations
- Reza Zarrab was sentenced to time served after admitting to conspiring with a Turkish bank to help Iran evade U.S. sanctions by trading oil for gold and cooperating with investigators.
- Prosecutors praised Zarrab for providing truthful and reliable assistance, including testimony about paying millions in bribes to Turkish officials to facilitate the sanctions-busting scheme.
- Zarrab pleaded guilty in 2017 to conspiracy, bank fraud, and money laundering related to the sanctions violation.
- Turkey's President Erdogan said the corruption allegations were a U.S. plot to blackmail Turkey and asked multiple U.S. administrations to stop the case.
12 Articles
12 Articles
Associated Press News
Gold trader gets time served in Iran sanctions case that strained US-Turkey relations
Reza Zarrab, a businessman who admitted conspiring with a Turkish bank to help Iran evade U.S. sanctions by trading its oil for gold, was sentenced Tuesday to time already served after cooperating with investigators in a case that strained relations between the U.S. and Turkey.
A US court has delivered its verdict in the case of Reza Zarrab, who was on trial for violating sanctions against Iran and money laundering. Judge Richard Berman counted the time Zarrab had already spent in prison towards his sentence and did not impose additional jail time.
A US court did not impose an additional prison sentence on Reza Zarrab, who was on trial for his role in circumventing sanctions against Iran, counting the time he had already served towards his sentence. Zarrab was released due to his cooperation with the prosecution.
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