Turkish gold trader Zarrab is denied bail in U.S. sanctions case

June 16, 2016 1:39 PM

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NEW YORK, June 16 A U.S. judge denied bail on Thursday to the wealthy Turkish gold trader Reza Zarrab on charges he conspired to violate U.S. sanctions against Iran.

U.S. District Judge Richard Berman in Manhattan said federal prosecutors showed by a preponderance of the evidence that Zarrab posed a flight risk, and that no combination of conditions would reasonably assure his appearance at trial.

Also read: Chinese Billionaire on UN Case Seeks Relaxed Bail Conditions

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