Mr. Atilla, forty seven, was described by prosecutors as a “fixer” who helped Iran circumvent the sanctions and achieve entry to billions of dollars of restricted petrodollar funds that have been being held on the financial institution.
In testimony over seven days, Mr. Zarrab described a bootleg operation that relied on false paperwork and entrance corporations. He additionally pointed to help from the very best ranges of the Turkish authorities, in addition to Iranian officers and Halkbank, an establishment that prosecutors stated was crucial to the scheme’s success.
Mr. Zarrab testified that in 2012, Mr. Erdogan, then Turkey’s prime minister and now its president, ordered that two Turkish banks be allowed to take part within the sanctions evasion scheme.
He additionally advised the jury that he had paid tens of millions of dollars in bribes to Zafer Caglayan, then Turkey’s financial system minister, and extra bribes to Suleyman Aslan, the overall supervisor of Halkbank, for assist in facilitating the operation. Mr. Caglayan and Mr. Aslan, together with 5 different defendants, were also indicted within the case.
Mr. Zarrab testified that he had made as much as $150 million from the scheme.
Prosecutors portrayed Mr. Atilla as a sanctions skilled who designed the complicated scheme after which lied to United States Treasury Division officers about it. He lied once more, they argued, when he testified in his personal protection on the trial.
“Why did Mr. Atilla inform all these lies?” Michael D. Lockard, a federal prosecutor, stated in a closing argument. “To assist his financial institution, to assist his financial institution’s clients — clients like Mr. Zarrab, clients like the federal government of Iran, the Central Financial institution of Iran, the Nationwide Iranian Oil firm. Lies that he advised to maintain his financial institution from being blacklisted from the American monetary system.”
Mr. Atilla denied that he had conspired with Mr. Zarrab or that he had been concerned in some other wrongdoing.
Mr. Erdogan claimed that the case was based mostly on fabricated proof.
Throughout an interview lately on the information channel, 24 TV, Turkey’s justice minister, Abdulhamit Gul, assailed the credibility of all the continuing.
“A last ruling on this can imply nothing to us,” he stated. “This can be a tragedy within the judiciary with no authorized foundations, turning right into a comedy over time.”
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