December 31, 2013 | Cited by Michael Kelley, Business Insider

A 40-Second Guide To The Crisis In Turkey

Turkey is embroiled in a massive corruption scandal that has reached the inner circle of Prime Minister Tayyip Erdoğan, whose Justice and Development Party (AKP) took power in 2002, and involves several different international actors.

Here's what has happened in the last few days:

  •  At the heart of the scandal is an alleged gas for gold scheme involving The drama surrounding two personalities are particularly eye-popping: Police reportedly discovered shoeboxes containing $4.5 million in the home of Suleyman Aslan, the CEO of state-owned Halkbank, and also arrested Reza Zarrab, an Iranian businessman who primarily deals in the gold trade, and who allegedly oversaw deals worth almost $10 billion last year alone.

Read the full article here.

Issues:

Iran Iran Sanctions Turkey