Halkbank case reaches critical stage as dismissal sought in U.S.

Halkbank has reached a critical juncture in its nine-year-old criminal case in the United States, announcing a joint petition with the U.S. Department of Justice to have the charges dismissed. The Turkish state-owned bank revealed that it submitted a joint motion with the DOJ, signaling a potential end to the protracted legal battle.

Should the court approve this joint request, the case against Halkbank would be entirely terminated. This development represents a significant step forward for the bank, which has been embroiled in the U.S. legal system since 2015. The charges have centered on allegations related to sanctions violations.

The announcement comes after years of legal proceedings, appeals, and negotiations. The outcome of the court's decision on the joint petition will determine whether the case is definitively closed, offering Halkbank a path to resolving this long-standing issue.