Turkish top bank plummets after fraud complaint

- Turkish Halkbank Wednesday lost almost 20% of its market value after a driver in the United States prosecuted for violating sanctions against Iran.

The driver of Halkbank, which also has a branch in Rotterdam, according to Reuters news agency put firmly in the United States.

The 47-year-old Mehmet Hakan Atilla Halkbank driver allegedly carried out by wealthy Turkish Iranians for hundreds of millions of transactions, and thereby avoid having the boycott against Iran.

When the transaction was in accordance with US authorities earlier arrested, very wealthy gold dealer Reza Zarrab.

The illegal transactions partly went through US banks. Inset in the United States severe penalties.

The share of the bank in assets under management, the fifth in size, has never fallen so much in one day in the US.

The group and the Turkish authorities asked to investigate the matter further.

According to media the arrest will only worsen the relations between Turkey and the United States. Zarrab was arrested in Miami in the spring of last year.

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