Special Report – Golden Loophole: How an alleged Turkish crime ring helped Iran

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In this city’s Grand Bazaar, sellers along labyrinthine passageways hawk carpets, jewelry and souvenir knick-knacks to tourists.Turkish police believe that until recently, the area around the market also sat at the center of an audacious, multi-billion-dollar scheme involving bribery and suspect food shipments to Iran.To date, no one has been charged. But a recently leaked police report – which contains allegations of payments to top Turkish government officials including cash stuffed into shoeboxes – has added fuel to a growing corruption scandal that has shaken the highest levels of Turkey’s political establishment.A review by Reuters of the report’s 299 pages, as well as interviews with currency and precious metals dealers, offer colorful new details of how what police call a “crime organization” allegedly helped Iran exploit a loophole in the West’s sanctions regime that for a time allowed the Islamic Republic to purchase gold with oil and gas revenues.

For full report read ……. http://www.reuters.com/article/2014/04/29/us-iran-turkey-special-report-idUSBREA3S07120140429

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