Halkbank Says Role in Iran Gold Trade Legal After CEO Arrested
Turkiye Halk Bankasi AS (HALKB), the lender whose shares have slumped 17 percent since a corruption probe started, said it hasn’t broken domestic or international laws after its chief executive officer was arrested at the weekend. Payments made by the bank on behalf of Turkish companies to Iran were transparent and trackable, the lender said today in a filing to the Istanbul bourse. Halkbank also said there were no rules against precious metal trading with Iran until July 1 and that it ceased to take part in transactions with the country on ...
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