Turkish businessman accused of cash laundering extradited to the US – Muricas News

A Turkish businessman accused of cash laundering was extradited from Austria to america on Friday, the US Division of Justice introduced.

Sezgin Baran Korkmaz accompanied by the US police arrived in Utah, the place he was accused of laundering greater than 133 million dollars by accounts in Turkey and Luxembourg.

Korkmaz was arrested in Austria in June 2021 and has been combating to keep away from extradition to the US ever since. From jail, he instructed a Turkish journalist that he would favor to be tried in his homeland, the place he's additionally accused of cash laundering and fraud.

In keeping with the US indictment, Korkmaz and his helpers have been concerned in fraud during which they needed to defraud the US Division of Finance by submitting false claims for tax credit price greater than a billion dollars, ostensibly for the manufacturing and sale of biodiesel of their firm Washakie Renewable Vitality LLC.

With the cash thus acquired, they purchased luxurious homes and got here into possession of firms resembling Biofarma and the Turkish airline Borajet, the yacht “Queen Anne”, a resort in Turkey and a villa and an house on the Bosphorus in Istanbul, in keeping with US authorities.

In keeping with the Ministry of Justice, Korkmaz can obtain the utmost attainable sentence of 20 years in jail on every rely of the indictment for prison affiliation for cash laundering, digital fraud and obstruction of official proceedings.