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Reza Zarrab

Erdogan says businessmen moving assets abroad are ‘traitors’

ANKARA: Turkish President Tayyip Erdogan said on Sunday businessmen who attempted to move assets abroad were "traitors", and called on his cabinet to block any such moves. "I am seeing signals, news that some businessmen are trying to move their assets abroad, and I call on firstly my cabinet from here to never allow this exit for any of them because these people are traitors," Erdogan said. Speaking to members of his ruling AK Party in the eastern province of Mus, Erdogan did not say to whom he was referring, nor did…

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…