Monday, December 23, 2013

Turkey: Halkbank - Role in Iran Gold Transactions Legal

Ht anonymous commenter!
Pertinent background:

 *Turkish PM Erdogan threatened/challenged by Fethullah Gulen?

 *Turkey & Ukraine afflicted with EU/ private banking/business parasites

As usual I will highlight the interesting bits.   Halkbank Says Role in Iran Gold Legal After CEO Arrest

Turkiye Halk Bankasi AS (HALKB), the state-run bank that slumped 19 percent since a graft probe implicating four ministers erupted last week, said it has acted lawfully after police arrested its chief executive officer.
Payments made by the bank on behalf of companies exporting gold to Iran were transparent and traceable, Halkbank said in a filing to the Istanbul bourse today. There were no rules against trading precious metals with Iran until July 1 and the bank ceased the transactions on June 10 after it became public that the U.S. planned new sanctions, it said.
The state run bank, public utillity, exported gold to Iran legally prior to sanctions. Transactions are transparent and traceable.

Turkish police apprehended CEO Suleyman Aslan, the sons of three cabinet ministers and scores of others in three overlapping probes targeting corruption in government tenders, money laundering and gold smuggling. Prime Minister Recep Tayyip Erdogan’s government purged at least 60 police chiefs in response, sparking concerns of an escalating confrontation with former political ally, U.S.-based Islamic cleric Fethullah Gulen, who has a wide following in the police and judiciary.
Recall from previous posts that Fethullah Gulen is very influential amongst the judiciary? Police and Judges.

“The allegation of high level graft, extending to Halk, are a real concern, along with connections into Iran, gold trade et al,” Tim Ash, chief economist for emerging markets at Standard Bank Group Ltd. in London, said in an e-mailed report to clients today. “Turkey is put increasingly under the spotlight in terms of international anti-money laundering conventions.

Aslan was formally arrested two days ago after authorities found $4.5 million inside shoeboxes at his house, Hurriyet newspaper said last week. The money was to be donated to building Islamic schools in Turkey and Macedonia, he said, according to the newspaper.
Get out of town! He had money in shoe boxes that had been donated to build Islamic schools.
Where did he get this money? Could he have got it from a person who runs a whole slew of Islamic schools?
Gulen Schools . I find that simply incredible. Could it be more obvious?

Halkbank fell 1.9 percent to 12.90 liras at 2:17 p.m. in Istanbul, heading for the biggest five-day decline in more than two years. The company, Turkey’s largest listed state-run bank, was authorized by the U.S. to trade with Iran before the sanctions were introduced, and was the main bank used for purchases by Turkey of gas and oil from Iran.

Reza Zarrab, an Iranian-Azeri businessman, was among those arrested alongside Aslan on Dec. 21. Zarrab traded a ton of gold a day, Haberturk newspaper reported two days ago citing a statement he made to prosecutors. Zarrab said that he was involved in about 20 billion liras ($9.6 billion) of gold trading last year, Haberturk said. Zarrab’s lawyers didn’t answer calls placed to their offices in Istanbul seeking comment on the report.
Turkey exported about $233 million in precious metals and jewelry to Iran per month in January through June, when Halkbank said it ended gold trading due to tighter U.S. sanctions implemented July 1. The nation exported about $45 million per month between June and October, according to data on the state statistics agency’s website.

Exports to Iran narrowed Turkey’s current account deficit, concern over which helped push the lira to a record low. The deficit may widen to 7.2 percent of gross domestic product this year from 6.1 percent in 2012, according to the median estimate of 29 economists surveyed by Bloomberg.

Four days ago, Turkish Foreign Minister Ahmet Davutoglu met with Iranian counterpart Mohammad Javad Zarif at a meeting of the Developing Eight, or D-8, in Islamabad, Pakistan. Economy Minister Zafer Caglayan, whose son Kaan was arrested in the graft probe, is scheduled to visit Iran Jan. 15. Erdogan is in Pakistan and due to return to Turkey tomorrow.
In a speech in the Black Sea city of Samsun yesterday, Erdogan said the corruption probe had an “international dimension” and threatened to expel diplomats who “exceed the limits of their duty.”

Gülen with Pope John Paul II. in 1998
 In 1999 Gülen emigrated to the United States for medical treatment: good cover story
Gulen supports Turkey's bid to join the EU
Gülen condemns any kind of terrorism- except when he is meeting with spooky allies? Like Graham Fuller? In order to aid in destabilization campaigns or false flags
Gülen criticized the Turkish-led Gaza flotilla for trying to deliver aid without Israel's consent.


Turkish PM, cleric in war of words

 Halkbank has drawn criticism from Western governments in the past for enabling Turkish and Indian business with Iran, which is under U.S. and EU sanctions that Erdogan disapproves of.
 The US presently has issues with India. Does it have to do with the WTO negotiations? Or other issues? Thinking about the repeatedly strip searched/body cavity probed  diplomat.

Erdogan late on Sunday accused "enemies of Turkey" of trying to sabotage Halkbank, the second-biggest government bank.

"Who are you helping to benefit by damaging this bank? The money that Halkbank has lost because of these incidents is money lost by this country," he said.
Money lost by the country..... Not private money for private banks. Public money.
Who would benefit from the damage done to this public bank? Anyone?

Earlier post from today-  Egypt's Full Circle: Dark Days in Egypt


  1. fortunately I have some free time today :)

  2. This proves that there is no limit to the depths leftists will plummet to in order to promote their Godless propaganda. Now they are not only going after the sacred, Godfearing natural order of capitalism, they are even blaspheming Astrology with their egalitarian filth!

    It's the Stars that Hold Our Destiny!
    Your Commie Horoscope

    вот так

  3. when will Vanunu be given Amnesty?
    Mandela and Vanunu
    Posted by Keith-264User InfoEmail User on December 23, 2013, 10:09 pm

    This week the World’s political leaders stood united in admiration at the Memorial service in South Africa to honour the memory of Nelson Mandela, Leader of his country, and a man of courage who gave inspiration to many people around the world.


  4. is this Dr Khan?
    Tore ‏@potifar66 2h
    @bbclysedoucet Here another story about Dr.Khans stay in Syria, told by a british journo kidnapped by his group 2012 …

  5. Information Clearing Housensometimes makes mistakes . It has posted a 0has a piece on ex Guantanao inmate Moazzam Begg by the Guardian about and his having his passport confiscated, andon suspicion of terrorism may surprise ICH to know he is no innocent re syria

    My letter to his site: Cageprisoners, showing he supports the jihadis in their waqr on syria

    the ICH article:
    Home Office Confiscates Moazzam Begg's Passport Following Syria Trip

    Former Guantánamo detainee says his campaign against state complicity in torture and rendition is real reason for move

    for once Her Majestys govts suspicions are on the money

    1. Brian

      ICH does more than "make mistakes sometimes", they were exposed as a zionist fraud several years ago. If one looks at their content, none of it is by ICH, every article there is plagiarized from somewhere and somebody else. They create no content of their own outside of an occasional comment (which usually is just some smear attacking some other comment writer's anti-zionist views).

      They make "good money", though. ICH has very low cost outlay, the authors of all those articles don't get paid anything by ICH, and ICH is tax exempt, to boot. It's a great Jewish zionist scam that not only provides their security services with lots of raw data on dissidence (honeypot), it makes a healthy profit doing so. The ideal sort of operation in Mossad "philosophy".

      вот так

    2. im not thay cynical and i dpnt se ICH as a zionist fraud or zionist at all

      but they may not be aware of Begg as even Medialens isnt....
      and a recent stoush has had me banned from media lens board

    3. brian

      "im not thay cynical and i dpnt se ICH as a zionist fraud or zionist at all"

      I didn't at first, I thought they were non-zionist fascist right, but changed my mind about that when I realised that the main thrust of their comment censorship was against anti-zionist commentary. The site would get really petty about their treatment of anti-zionists, too. I've been following that site off and on since it started in 2003, the site was pretty much free of anti-zionist censorship early on, but by 2008, they had changed tact, and revamped their comments forum so they could control the content. At this time anything critical of Jews brought banning, and consistent anti-zionist comments resulted in likewise censorship. Besides the overt censoring of comment writers, the site also played a lot of other very childish games with people writing comments and it was obvious the site was run by people who had similar mental and emotional developmental disabilities as those who run zionazi freak sites, such as or

      As an experiment, try consistently showing how zionism operates behind the scenes in your commentary there. Make these connections a central point in your commentary. You'll find yourself banned from commenting there. The effect will be like at MoA, where the stealth zionists will unite with the overt zionists to demand your removal and the site host will "warn" you about your "wrong views" about zionist influence.

      вот так