Halkbank Rejected by US Supreme Court on Criminal Charges
The US Supreme Court has rejected an appeal by Turkey's state-owned Halkbank, which was facing criminal charges for allegedly helping Iran evade economic sanctions. The charges accuse Halkbank of using a complex scheme involving gold and oil trades to illegally move billions of dollars for the Iranian government. The court's decision means that Halkbank will now have to face the criminal charges in a US federal court. This is a significant development, as Halkbank had previously argued that it should be immune from prosecution due to its status as a state-owned bank. The case has been a source of tension between the US and Turkey, with the Turkish government criticizing the charges as politically motivated. However, the Supreme Court's ruling upholds the decision of lower courts that Halkbank should be held accountable for its alleged role in the sanctions evasion scheme.
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