NYT says jailed Turkish-Iranian gold trader Zarrab may plead guilty

Reza Zarrab, a Turkish gold trader who has been charged in Manhattan with conspiring to violate US sanctions on Iran, may be prepared to plead guilty, The New York Times reported on Tuesday.

Reza Zarrab is a Turkey-based businessman. He has triple Iranian, Azerbaijani and Turkish citizenship, while also holding a Macedonian passport.

According to the report, lawyers for Zarrab’s co-defendant, Mehmet Hakan Atilla, deputy general manager of Turkey’s state-run Halkbank, wrote that Zarrab “has essentially not participated in the case” since September, and it seemed “likely that Atilla will be the only defendant appearing at trial.”

Zarrab has been seeking the dismissal of charges against him since his arrest in March 2016. He formed a team of lawyers, including Rudolph W. Giuliani, the former mayor of New York.

According to the NYT, Zarrab hired Giuliani in an effort to try to persuade the Trump administration and Turkey’s president, Recep Tayyip Erdoğan, to agree to a diplomatic resolution to his case.

The NYT report said there were signs of inaction from Zarrab’s lawyers as they allowed a deadline to pass without filing court papers that would have allowed him to challenge the admissibility of key government evidence against him.

Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami on March 19 over Iran-related sanction charges, will serve time in four different prisons …

The lawyers also did not submit proposed jury instructions or questions to be asked of prospective jurors when they are selected for the trial, which is scheduled to begin on Nov. 27.

And there was no indication that Zarrab had joined in court filings made by Atilla’s lawyers, who on Monday filed challenges to the government’s evidence and offered jury-related proposals.

If Mr. Zarrab is negotiating a guilty plea, one question will be whether he would cooperate with the American investigation

“If Mr. Zarrab is negotiating a guilty plea, one question will be whether he would cooperate with the American investigation. The prosecution has strained relations between the United States and Turkey, and has drawn sharp criticism from President Erdogan, who has often raised it with American officials,” the NYT said.

A total of nine people have been charged in the case, including former Economy Minister Zafer Çağlayan, although only Zarrab and Atilla are in custody in New York. The potential new development comes at a time of continued tension between the United States and Turkey, as played out most recently with both countries suspending visa services in a dispute over Turkey’s detention of two United States consulate employees.

Turkish banks could face multi-billion dollar US fines over Iran

On Oct. 24 the Turkish president said the arrest of Zarrab and Atilla was an operation deliberately targeting Turkey, adding: “They [US authorities] are driving him [Zarrab] into a corner, trying to make him an informer by saying, ‘If you mention those names, it [your prison term] will be this long, if you mention those names it will be that long’.” “We are following this. We know how to set the world on fire when all those issues are done. We will tell all,” he said.

The US District Court for the Southern District of New York on Sept. 6 indicted Çağlayan, former Halkbank General Manager Süleyman Aslan, Levent Bakkal and Abdullah Happani and ordered an arrest warrant for them.

The four are charged with conspiring to use the US financial system to conduct hundreds of millions of dollars’ worth of transactions on behalf of the government of Iran and other Iranian entities barred by US sanctions.

Erdoğan stated in September that he had told Washington that Turkey had never agreed to comply with its sanctions on Iran and called on the US to review the indictment. He also said US President Donald Trump had called him and agreed to follow the case more closely.

Zarrab was the prime suspect in a major corruption investigation in Turkey that became public in December 2013 in which with others from the inner circle of the ruling Justice and Development Party (AKP) government and then-Prime Minister Erdoğan for having paid Cabinet-level officials and bank officers bribes to facilitate transactions benefiting Iran.

After Erdoğan cast the case as a coup attempt to overthrow his government orchestrated by his political enemies, several prosecutors were removed from the case, police were reassigned and the investigation against Zarrab was dropped.

 

>>>>https://www.turkishminute.com/2017/11/01/nyt-says-jailed-turkish-iranian-gold-trader-zarrab-may-plead-guilty