As the world waited to see whether the US trial of Iranian-Turkish gold trader Reza Zarrab would actually get underway today in New York after numerous postponements, speculation was growing that Zarrab might be cooperating with prosecutors. The news surely panicked any senior Turkish officials who fear they could be implicated in accepting bribes to facilitate an alleged money-laundering operation.
Zarrab is accused of laundering hundreds of millions of dollars through US financial institutions in a scheme designed to help Iran evade US economic sanctions in 2010-15. He was arrested in March 2016 while traveling in Florida. Turkish President Recep Tayyip Erdogan has personally asked the US government to release Zarrab, which is raising questions about Erdogan's possible involvement in the scheme.