Money laundering probe: Hundreds arrested in Turkey

So far, about 216 suspects have been detained in operations across 40 cities. (AP)
Updated 03 October 2018
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Money laundering probe: Hundreds arrested in Turkey

  • Turkish prosecutors ordered the detention of some 417 suspects
  • The majority of the funds’ recipients were Iranian citizens residing in the US

ANKARA:Turkey has initiated raids across several cities in an investigation into one of the biggest money laundering attempts in the country’s history which involves Iranians. 

On Tuesday, Turkish prosecutors ordered the detention of some 417 suspects who allegedly transferred about 2.5 billion Turkish liras’ ($419 million) worth of foreign currency to foreign bank accounts. 

The majority of the funds’ recipients were Iranian citizens residing in the US, according to a statement from Istanbul’s chief prosecutor. 

Tehran has not yet given any reaction on the financial probe. 

Facing a serious currency crisis, with lira falling about 40 percent against the dollar in 2018, Turkey is nowadays attaching great importance to the issue of foreign money transfers. 

Those who transferred the money starting on Jan. 1, 2017, with sums of 5,000 liras and more, are accused of targeting the economic and financial security of Turkey and financing terrorism. Another charge made is receiving commission for sending the money to 28,088 foreign accounts.

So far, about 216 suspects have been detained in operations across 40 cities. 

In a speech made in April, President Recep Tayyip Erdogan also warned against sending money abroad for purposes other than investment and developing business, trade and investments. 

A US court recently sentenced Mehmet Hakan Atilla, a Turkish banker at the state-controlled Halkbank, to 32 months in prison after he was convicted of involvement in a scheme to help Iran evade US sanctions.

“This operation is not aimed at foreign exchange transfers of residents in Turkey to accounts abroad,” Turkish presidential adviser Cemil Ertem tweeted after the operation. “It is against terror financing related to the foreign exchange being transferred for terror group members who are residing abroad,” 

According to Gulriz Sen, an Iranian expert from TOBB University of Economics and Technology in Ankara, the latest incident in Turkey seems related to recent economic developments inside Iran, which also started a crackdown by sentencing three men to death and imprisoning more than 30 others for financial crimes.

“Both Turkey and Iran have seen their currencies plummeting in the past few months,” Sen told Arab News. “In Iran’s case, President Donald Trump’s decision to pull the US out of the Joint Comprehensive Plan of Action and the uncertainties regarding the future of Western investments in Iran, as well as Iran’s ability to export its oil without market disruption, played a major role.

“Furthermore, Iranian authorities arrested the former deputy head of Iran’s Central Bank responsible for foreign exchange affairs and questioned former Central Bank Governor Valiollah Seif, who was put under US sanctions in July and later dismissed by President Rouhani at the height of the currency crisis.” 

Sen believes that Turkey’s move may be in coordination with Iran. “On the latest occasion, money transfers ending up in Iranian accounts based in the US bring to mind the perennial problem of financial transactions between Iran and the US due to US sanctions. Turkey may have served as a medium to circumvent these difficulties,” she underlined.


Iraq lifts nearly 30 km of blast walls from Baghdad: official

Updated 38 min 40 sec ago
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Iraq lifts nearly 30 km of blast walls from Baghdad: official

BAGHDAD: Iraqi authorities have removed nearly 30 kilometers of concrete blast walls across Baghdad in the last six months, mostly around the capital’s high-security Green Zone, a senior official told AFP.
Since the US-led invasion of Iraq in 2003, T-walls — thick barriers about six meters tall and one meter wide — have surrounded potential targets of car bombs or other attacks.
When premier Adel Abdel Mahdi came to power last year, he promised to remove barriers, checkpoints and other security measures to make Baghdad easier to navigate.
“Over the last six months, we removed 18,000 T-walls in Baghdad, including 14,000 in the Green Zone alone,” said Staff Lt. Gen. Mohammed Al-Bayati, the PM’s top military adviser.
Hundreds of the security checkpoints that contributed to Baghdad’s notorious traffic jams have also been removed.
And according to the Baghdad municipality, 600 streets that had been closed off to public access have been opened in the last six months.
Among them are key routes crossing through Baghdad’s Green Zone, the enclave where government buildings, UN agencies and embassies including the US and UK missions are based.
It was long inaccessible to most Iraqis until an order from Abdel Mahdi last year, and families can now be seen picking their way across its manicured parks for sunset pictures.
Iraq is living a rare period of calm after consecutive decades of violence, which for Baghdad peaked during the sectarian battles from 2006 to 2008.
It was followed, in 2014, by Daesh’s sweep across a third of the country and a three-year battle to oust the militants from their urban strongholds.
The group still wages hit-and-run attacks against Iraqi security forces and government targets, and Baghdad’s authorities are on high alert.
Thousands of the removed T-walls have been placed on Baghdad’s outskirts to prevent infiltration by Daesh sleeper cells, according to Bayati.