Turkish Gold Trader Testifies That Erdogan Authorized Iran Money Laundering Scheme

The Turkish-Iranian gold trader at the center of an international scheme testified on Thursday in a New York federal court that Turkish President Recep Tayyip Erdogan personally authorized a transaction in the plot to assist Iran in evading U.S. sanctions, according to Reuters. Reza Zarrab agreed to cooperate with U.S. prosecutors in the criminal trial of a Turkish bank executive that is accused of helping launder money for Iran at a time when Erdogan was still Turkey’s prime minister. Zarrab also said that Turkey’s Ziraat Bank and VakifBank were involved in the scheme, but neither bank responded to requests for comment after business hours in Turkey. The testimony came during the third day…