Turkey orders arrest of 417 suspects in money-laundering probe

Turkish prosecutors ordered the detention of 417 suspects in a money-laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth of foreign currency to bank accounts abroad, broadcaster CNN Turk said on Tuesday (Oct. 2).

The vast majority of the recipients of the funds were Iranian citizens resident in the United States, it added, citing a statement from Istanbul’s chief prosecutor.

Istanbul police teams were launching raids across a series of provinces, searching properties and detaining many people, the broadcaster said.

AA said 216 of the suspects had so far been detained in operations across 40 provinces.

The investigation was aimed at those who “targeted the economic and financial security of the Turkish Republic,” the Istanbul chief prosecutor’s office said, according to CNN Turk.

The suspects were accused of money laundering, “forming a gang with the aim of committing crime,” and “breaking a law aimed at preventing the financing of terrorism,” the statement said. The operation was launched by financial crimes police.

It said the suspects were accused of receiving commission for sending the money to 28,088 accounts abroad. The transfers were made from various bank branches and ATMs starting from Jan. 1, 2017 with sums of 5,000 lira and more, the statement said.