Turkish Banker in Iran Sanctions-Busting Case Sentenced to 32 Months

Turkish Banker in Iran Sanctions-Busting Case Sentenced to 32 Months

A federal judge sentenced a Turkish banker to 32 months in prison Wednesday for his role in a scheme to help Iran avoid US sanctions, the Justice Department announced.

In January, a federal jury found Mehmet Hakan Atilla guilty of bank fraud, sanctions evasion and other crimes.

Prosecutors maintained that Atilla used his position as Halkbank's deputy general manager for worldwide banking to help build and protect a scheme that enabled billions of dollars in profits from Iranian oil sales to flow through world financial markets since 2011.

"I intend to impose a sentence here of 32 months of incarceration with credit for time already served", Berman announced of the sentence, which fell below the defense's calculations of sentencing guidelines of 46-57 months in prison. Turkish President Recep Tayyip Erdogan condemned the trial as a "chain of serious plots" against his government.

Mehmet Atilla, right, testifies on December 15, 2017, during his trial on corruption charges in NY. With this sentence, Atilla will be able to go back to Turkey next year.

In a 75-page petition to the court, Atilla's lawyers asked the judge for a "fair and merciful" sentence of between four to five years, more than the under-three-year sentence given Wednesday.

He said Atilla gave false testimony under oath at trial and cited a number of examples in which the banker did not provide accurate information.

Michigan State University Will Pay $500 Million to Larry Nassar Victims
But for some survivors, like Rachel Denhollander, the first woman to go public with her story, there is a long way to go. Olympic gold medalists Jordyn Wieber, Aly Raisman , Gabby Douglas and McKayla Maroney say they had been victims.

Apple wants $1B from Samsung at smartphone retrial
A $1.05 billion jury verdict from 2012 has been whittled down by a previous retrial in 2013, along with appeals and adjustments. The court ordered Apple and Samsung to negotiate a date for a retrial to settle the award money for Apple .

Lachlan Murdoch to be 'New Fox' CEO
That would undoubtedly delay, if not derail, the Disney sale process and the formation of New Fox. John Nallen , now CFO of 21st Century Fox , will serve as chief operating officer of New Fox.

Zarrab testified that he paid over $50 million in bribes to Turkey's finance minister to help the sanctions-busting scheme flourish after he initially encountered resistance from a Halkbank executive who feared he was "too popular" to carry out trades involving Iranian money without drawing attention to them.

The judge said he thought that a life sentence would not be appropriate.

Aware of the implications of the ruling for the national security and bilateral relations, the judge said the US government's position is the deterrence to keep other banks from violating sanctions.

"What we need to show the world in proceedings such as this, especially today, especially now, is that we Americans aren't bullies", he said.

Prosecutors had sought a sentence of about 20 years for Atilla, who worked as a deputy general manager at Halkbank. He demanded Atilla be sent to his family and his country.

Watched intensely from NY to Istanbul, the proceedings ended with a likewise extraordinary 32-month sentence, a prison term lower than what prosecutors or even defense attorneys requested.

Related News:



Most liked

Russian court sentences Alexei Navalny to 30 days in prison
The court on Tuesday said Navalny's 30-day sentence would come into effect immediately, a Reuters correspondent there reported. Navalny's lawyer Vadim Kobzev said the trial had "clearly political motives" as Putin begins his fourth Kremlin term.

Total poised to pull out of Iran's SP11 project without United States waiver
Iran has said it may start enriching uranium again if it can no longer see any economic benefit from sticking to the deal. CNPC has a 30% stake in the venture, with Petropars at 19.9%, leaving Total with an operatorship of 50.1%.

Christina Aguilera and Demi Lovato release new song 'Fall In Line'
" Fall in Line ", off Aguilera's upcoming album, Liberation , encourages girls to speak up and think for themselves. The track hears both singers belting back-and-forth about female empowerment and refusing to conform.

Merkel Says Germany Remains Committed To Iran Nuclear Accord
He also said Iran would not surrender to U.S. pressures. "I doubt that the talks with the Europeans will be fruitful". Iran meanwhile said the new U.S. sanctions were an attempt to derail efforts to save the deal.

Nobody is as scared as me: Neymar
As Neymar , the world's most expensive player, battles to be fit for Brazil's World Cup campaign, he is aware of the pressure. I'm following it in the press, but right now I have nothing confirmed", the Brazilian said at Sunday's French football awards.

Tigers Players Debate Whether Sound Says Laurel or Yanny
The clip, which surfaced on Reddit and later on Twitter, has friends, families and coworkers bickering over who has bad hearing . But others have said it's just a simple case of bass versus treble: If you happen to pick up bass tones more, you hear "Laurel".

MI beat KXIP by 3 runs in thriller
One change they would like to do is sending JP Duminy up the order as he is playing at number 8, which is a complete waste. After a brilliant batting display, Mumbai bowlers managed to restrict Punjab to 183/5 to bag two crucial points.

West Bengal Panchayat polls: Re-polling at 568 booths underway
The charred bodies of two CPI (M) candidates, Debu Das and Uma Das, were recovered from their house in South 24 Parganas. According to exit poll by News18, there will be a "Green storm" in Bengal. "Around 68 per cent polling was recorded".

Lando Might Be The Next Star Wars Spin-Off Movie
So while Lucasfilm isn't confirming it's the next spinoff film coming, it's certainly a story the studio is interested in telling. So you can bet Lucasfilm is looking to diversify their roster of lead characters by letting Lando Calrissian lead the way.

Maradona becomes Belarus football club chairman
His first game will be big one, too, as Dinamo are set to face giants BATE in the Belarusian Cup final this weekend. The job begins after the summer's World Cup in Russian Federation , wpolityce.pl said.

TI Arrested for Assault, Drunkenness ... Argued with Security Guard
The friend, who had a warrant out for his arrest from Clayton County, was arrested on that warrant. Sadow claims police did not want to hear from T.I.'s side and arrested his client.

Shenmue 3 Release Window Pushed Back To 2019
Shenmue III was originally announced as a Kickstarter project back at E3 2015 to wild excitement of fans of the long-dead series. Deep Silver, the company publishing Shenmue III , recently announced that the sequel will not be coming out this year.

Macy's Shares Jump on Signs That a Turnaround Is Working
Further, it has been operating in a friendly economy environment, marked by strong consumer sentiment and spending, he said. With BOPIS (buy online/pickup in store) expanding, Macy's is also adding At Your Service counters for easy order pick up.

Arsenal legend Henry: Firmino most complete striker in Premier League
Marcelo is terrified of Salah. "I noticed the same thing in the Champions League when Roma played against Real". Thierry Henry has labelled Liverpool's Roberto Firmino as the most complete striker in the Premier League .

Microsoft Releases New Security And Privacy Updates For Windows 10
This is why Microsoft's update package KB4100347 addresses this issue by implementing CPU microcode updates for Intel processors. The updates contain only Intel-specific code, which Microsoft has agreed to distribute to ensure more users are protected.