A federal judge in Manhattan on Thursday rejected a request by Turkey's sta...
NEW YORK - A federal judge in Manhattan on Thursday rejected a request by Turkey’s state-owned Halkbank to put on hold a federal prosecution accusing it of helping Iran evade U.S. economic sanctions.
U.S. District Judge Richard Berman said Halkbank would not face irreparable harm if the case proceeded, and that limiting its economic and reputational damage “may best be assured by Halkbank’s speedy response to the criminal charges.” Lawyers for Halkbank did not immediately respond to requests for comment. A spokesman for U.S. Attorney Geoffrey Berman in Manhattan declined to comment.
The bank had asked Berman to stay the case until the federal appeals court in Manhattan decided whether it could make a “special appearance” to challenge the jurisdiction of U.S. courts without first entering a plea.The charges threatened to complicate U.S.-Turkish relations, and were announced one day after U.S. President Donald Trump sanctioned Turkey following its launch of a military offense against Kurdish-led militia in northeastern Syria.
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