Last Updated On: Jan 04 2021 11:54 Gmt+3
Turkish law enforcements raided Sezgin Baran Korkmaz’ (SBK) houses and offices as part of an operation conducted by Istanbul’s anti-terror and organised crime units last week.
Korkmaz’s business partners, Jacob and Isaiah Kingston (also known as the Mormon Crime Brothers), pled guilty of conspiracy to defraud the U.S. government and are still in prison while Korkmaz is now a part of a money laundering investigation in Turkey. There is no sign of cooperation between U.S. and Turkish authorities on this latest operation.
So far a Turkish court has ordered the arrest of one businessman who is known to be close to SBK, and another 10 people who were detained a day earlier from the same company but later released. SBK, in a video message from his LindkedIN account said he will return Turkey in a few weeks after he takes care of his business dealings in Luxembourg where he currently is visiting and getting ready to open a hotel in Switzer
By Reuters Staff
4 Min Read
(Reuters) - The United States has imposed sanctions on Turkey over Ankara’s acquisition of Russian S-400 air defense systems, a step likely to worsen relations between the two NATO allies that are already strained by a range of disputes.
Differences include policy in Syria where both countries have troops, a U.S. court case against a Turkish bank for breaching Iran sanctions, and Turkey’s demand that the United States extradite a cleric it blames for a 2016 coup attempt.
MISSILE DEFENCE
Turkey’s acquisition and testing of the Russian S-400 ground-to-air defence missiles made Ankara liable to sanctions under U.S. legislation known as Countering America’s Adversaries through Sanctions Act (CAATSA).
FACTBOX-Rifts that divide NATO allies Turkey and United States Reuters 12/11/2020
ISTANBUL, Dec 11 (Reuters) - The United States is poised to impose sanctions on Turkey over its acquisition of Russian S-400 air defence systems, a step likely to worsen relations between the two NATO allies that are already strained by a range of disputes.
Differences include policy in Syria where both countries have troops, a U.S. court case against a Turkish bank for breaching Iran sanctions, and Turkey s demand that the United States extradite a cleric it blames for a 2016 coup attempt.
MISSILE DEFENCE
Turkey s acquisition and testing of the Russian S-400 ground-to-air defence missiles made Ankara liable to sanctions under U.S. legislation known as Countering America s Adversaries through Sanctions Act (CAATSA).