The unfolding money laundering scandal rocking Turkey’s political scene has serious implications for U.S. foreign policy, as well as the geo-political landscape for years to come.
This story first broke on December 17, 2013, when Iranian-Azeri businessman Reza Zerrab was accused of being involved in irregular money transactions, mostly from Iran, totaling $US119 billion between 2009 -2012. Zerrab, who had long been suspected of taking part in financial felonies, is accused of laundering the money mainly through Bank Mellat, which is 40-percent owned by Iran…
The beginning of the operations agianst the money laundering scheme dates back to December 14, 2011, when three Azerbaijanis and an Iranian were caught with 14.5 million and 4 million euro in cash in their suitcases at Russia’s Vnukovo airport. The Russian Federal Customs Bureau investigated the case, released the couriers, and an arrest warrant was issued for these three businessmen. Both cases involve money transfered without any actual corresponding trade.
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