Supreme Court suggests Turkey-owned Halkbank can be prosecuted for Iran sanctions violations

Supreme Court suggests Turkey-owned Halkbank can be prosecuted for Iran sanctions violations


Halkbank in Istanbul, Turkey.

Kemel Uzel | Bloomberg | Getty Photographs

The Supreme Courtroom dominated Wednesday that Halkbank, which is owned by the authorities of Turkey, is not immune from prosecution in New York federal courtroom for allegedly violating U.S. financial sanctions on Iran.

The court rejected arguments by Halkbank that it was immune from prosecution in U.S. courts simply because of the Foreign Sovereign Immunities Act of 1976, and that the federal criminal statute does not enable for prosecutions of instrumentalities of international states such as the bank.

The Supreme Court informed the U.S. 2nd Circuit Court docket of Appeals to reconsider a request by Halkbank to toss out the prosecutions.

Justice Brett Kavanaugh wrote the the vast majority belief in the final decision, which six other justices totally joined.

Justice Neil Gorsuch filed a separate view that concurred in element with the bulk, but which also dissented in aspect. Justice Samuel Alito joined Gorsuch in his feeling.

This is breaking news. Please verify back for updates.



Resource

0 million New Jersey deli fraudster Peter Coker Sr. gets six months in jail
Politics

$100 million New Jersey deli fraudster Peter Coker Sr. gets six months in jail

Peter Coker Sr. and his wife Susan Coker at U.S. District Court in Newark, New Jersey, March 15, 2023. Dan Mangan | CNBC North Carolina businessman Peter Coker Sr., who pleaded guilty in a scheme to fraudulently pump up the stock of the infamous $100 million New Jersey deli corporation and a related shell company, […]

Read More
Chuck Schumer pauses Trump Justice Department nominees over Qatari jet
Politics

Chuck Schumer pauses Trump Justice Department nominees over Qatari jet

Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty Images Senate Minority Leader Chuck Schumer announced Tuesday that he is putting a hold on Department of […]

Read More
Trump administration cuts an additional 0 million in grants to Harvard
Politics

Trump administration cuts an additional $450 million in grants to Harvard

Harvard sweatshirts are displayed for sale in a school store window on the Harvard University campus in Cambridge, Massachussetts, on April 15, 2025. Joseph Prezioso | Afp | Getty Images The Trump administration announced Tuesday that it is cutting an additional $450 million in grants to Harvard University through eight federal agencies, on top of […]

Read More