Reuters - A U.S. judge on Wednesday forcefully rebuked federal prosecutors for a series of failures, including withholding exculpatory evidence, that led to the dismissal of an indictment against a banker who had been convicted of Iran sanctions violations. U.S. District Judge Alison Nathan in Manhattan said prosecutors in the U.S. Attorneys Office ...

Bloomberg | Chris Dolmetsch: In a rare move, federal prosecutors are seeking to withdraw a criminal case against an Iranian banker who was convicted of violating U.S. sanctions. Ali Sadr Hashemi Nejad, 40, was found guilty in March of helping to funnel $115 million through the U.S. financial system to Iranian entities from a construction project ...

Bloomberg- An international banker charged in the U.S. with laundering more than $100 million for an Iranian construction company grossly understated his net worth, prosecutors said in opposing his request to be freed on bail before a trial. Ali Sadr Hashemi Nejad, a Cornell- and Wharton-educated banker with Iranian and St. Kitts and Nevis citizenships,...

Reuters - The Iranian chairman of a Maltese bank on Wednesday pleaded not guilty to U.S. charges that he took part in a scheme to evade U.S. sanctions against Iran by funneling more than $115 million from a Venezuelan company to an Iranian company through the U.S. financial system under a construction contract. Ali Sadr Hashemi Nejad, chairman of ...

Reuters - An Iranian who chairs a Maltese bank has been arrested on U.S. charges that he participated in a scheme to evade U.S. sanctions and funnel more than $115 million paid under a Venezuelan construction contract through the U.S. financial system, federal prosecutors said on Tuesday. Ali Sadr Hashemi Nejad, 38, was charged in a six-count indictment ...