Halkbank prosecution put on hold pending U.S. Supreme Court appeal – Reuters

Halkbank prosecution put on hold pending U.S. Supreme Court appeal – Reuters

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UAE
  • Date: 15-Jan-2022
  • Source: Reuters
  • Sector: Economy
  • Country: UAE
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Halkbank prosecution put on hold pending U.S. Supreme Court appeal – Reuters

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NEW YORK, Jan 14 (Reuters) – A U.S. appeals court put the federal government’s prosecution of Turkish state-owned lender Halkbank (HALKB.IS) for allegedly helping Iran evade American sanctions on hold while the bank appeals to the U.S. Supreme Court.

Friday’s order from the 2nd U.S. Circuit Court of Appeals in Manhattan allows Halkbank to appeal without having to defend against the criminal case at the same time. It expressed no view on the merit of an appeal.

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