Reza Zarrab, 33, was charged in an indictment filed in federal court in Manhattan along with one of his employees, Kamelia Jamshidy, and Hossein Najafzadeh, a senior officer at a unit of Bank Mellat in Iran, U.S. prosecutors said on March 21.
Zarrab was arrested on March 19 in Miami and appeared in federal court there on March 21, where a federal magistrate judge ordered him detained. Both Jamshidy and Najafzadeh, who are both Iranian nationals, remained at large.
The arrest came two months after Iran emerged from years of economic isolation when world powers led by the United States and the European Union lifted crippling sanctions against the country in return for curbs on Tehran`s nuclear ambitions.
Zarrab previously attracted attention when he was detained for two months in Turkey. He was the prime suspect in a corruption and bribery scandal involving the government that went public on Dec. 17, 2013.
The businessman was accused of being the ringleader of a money laundering and gold smuggling ring in Turkey that circumnavigated sanctions against Iran. The charges were dismissed after the prosecutors investigating case were accused by the ruling party and then-Prime Minister Recep Tayyip Erdoğan of plotting against the government and removed from their posts.
According to the U.S. indictment, Zarrab, a dual citizen of Turkey and Iran, owned and operated a network of companies in Turkey and in the United Arab Emirates, including Royal Holding A.Ş., which employed Jamshidy.
The indictment said Zarrab, Jamshidy and Najafzadeh, a senior officer at Bank Mellat`s Mellat Exchange, conspired to thwart economic sanctions against Iran by concealing transactions benefiting Iran`s government and Iranian entities.
Prosecutors said that from 2010 to 2015, the trio helped Iranian individuals and entities, including Bank Mellat, one of the largest banks in Iran, evade U.S. sanctions by conducting financial transactions through Turkish and Emirati companies.
The indictment charges Zarrab, Jamshidy, 29, and Najafzadeh, 65, with engaging in conspiracies to defraud the United States, to violate the International Emergency Economic Powers Act, to commit bank fraud and to commit money laundering.
Turkish businessman Zarrab arrested in US for evading Iran sanctions
22 March 2016
Read: 2042
An Iranian-born Turkish businessman has been arrested in Florida on charges that he and others conspired to conduct hundreds of millions of dollars in financial transactions for the Iranian government or other entities to evade U.S. sanctions, Hurriyet Daily News?.
