Turkish Bank Tied To International Billion-Dollar Oil Sanctions Skirting Scheme

Mustafa Kemal Ataturk, the founder of modern Turkey, founded Halkbank in 1933 to provide cheap credit easily to small business owners and large industrial entrepreneurs. Fast forward 80 years, and they police are raiding the home of the bank’s general manager. They found $4.5 million stashed in shoeboxes. And today, Turkey’s state-run bank dealings are ensnaring U.S. President Donald Trump and his attorney, Rudy Giuliani, the U.S. Justice Department, and Iran… Halkbank has been accused of corruption and mismanagement quite few times…