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US charges former Turkish minister with Iran sanctions evasion

ISTANBUL: U.S. prosecutors have charged a former Turkish economy minister and the ex-head of one of its state banks with conspiring to evade sanctions and to use the U.S. financial system to conduct hundreds of millions of dollars of transactions to benefit Iran. The indictment marks the first time an ex-government member with close ties to President Tayyip Erdogan has been charged in an investigation that has strained ties between Washington and Ankara. Ex-minister Zafer Caglayan was also charged with taking bribes in…