Check with the U.S. authorities on the family of European banks Turkish

Check with the U.S. authorities on the family of European banks Turkish

NEW YORK (Reuters ) - ordered the Department of monetary Services in ny, native branches of the six European banks to supply details of transactions with Jordanian bank in conjunction with documents regarding the the weights Turkish family that industrial transactions area unit subject to a series of legal proceedings.

A supply accustomed to the move comes as a part of Associate in Nursing investigation conducted by the administration on whether or not the ecu banks improper conduct transactions with the family of weights , that was one among the richest families in Turkey sometime .

It was the most recent step taken by the observer Benjamin , banking in ny to restrain on dubious practices of foreign banks operational in ny . within the past year reach a  the settlement price of $ 340 million with commonplace hired Bank and therefore the London-based bank on transactions with Asian nation.

The six banks lined by the investigation is Pine Tree State . Paribas. , Commerzbank , Credit Agricole , Deutsche Bank, Societe Generale and commonplace hired.

A voice for traditional hired Bank collaborate with the investigation , whereas rejected by representatives of alternative banks comment or didn't reply to requests for comment .

The live needs offer details of these transactions with banks of Jordan urban center Moslem Bank , primarily based in capital of Jordan . Six banks conjointly needed to submit photos of any documents is also asked to submit throughout the long legal battle between Motorola Credit corporation. and therefore the family of weights

In that case , a federal decide same in big apple that the family of weights embezzled regarding 2 billion bucks of loans created by Motorola Turkish company for portable services , that was controlled by the family at that point.

The decide same last month that the weights hid assets to forestall Motorola 's access to compensation calculable at 3 billion bucks and recognized that Jordan city monotheism Bank is that the agent of the Turkish family .

The bank didn't respond Jordanian email and telephony for comment