Insider trading

Dimitris Koutsolioutsos, founder of jewelry company Folli-Follie, began his defense in an Athens court Friday by highlighting his company's successes.

Ljubljana – The Ljubljana Local Court has sentenced Kristjan Verbič, the president of the Pan-Slovenian Association of Small Shareholders (VZMD), to a suspended prison sentence for insider trading in 2007, the newspaper Delo reported. Verbič already got an eight-month suspended sentence in 2017.

Sofia. IBEX (Independent Bulgarian Energy Exchange) will be inspected because of recent complaints about major changes in the price of electricity, particularly in the short-term segment, Energy and Water Regulatory Commission Chair Ivan Ivanov told reporters, quoted by Focus News Agency.

Turkey's capital markets regulator decided on July 15 to cancel a partial suspension of a directive related to insider trading, saying "speculation and negative perceptions" of the move would have prevented the decision having its desired effect.

Turkey's capital markets regulator has partially suspended a directive related to insider share trading, it said in its weekly bulletin released on July 13, without giving a reason for the move.

Istanbul Chief Prosecutor’s Office has opened a probe into New York’s Preet Bharara, former U.S. Attorney in-charge of the jailed Iranian-Turkish gold trader Reza Zarrab’s case, and Joon H. Kim, Acting U.S. Attorney, on Nov. 18 over evidence used in trial of its citizens.

U.S. Attorney General Jeff Sessions abruptly asked the remaining 46 chief federal prosecutors left over from the Obama administration to resign on March 10, including Manhattan U.S. Attorney Preet Bharara, who had been asked to stay on in November 2016 by then President-elect Donald Trump and is the chief prosecutor in the case of an arrested Turkish-Iranian businessman.

The arrested Turkish-Iranian businessman Reza Zarrab, who is being tried in the U.S. on charges of fraud, violating sanctions on Iran, committing bankruptcy fraud, and laundering money, has reportedly been diagnosed with depression. 

A jury trial against Turkish-Iranian businessman Reza Zarrab that was scheduled to begin on Jan. 23, 2017, has been suspended until Oct. 16 after the judge in the fraud case ruled that the defendant's legal team required extra time to prepare for an additional indictment regarding Zarrab's alleged ties to Hezbollah.

A recusation demand submitted by arrested Iranian-Turkish businessman Reza Zarrab's lawyers against his case's judge has been rejected for "lacking merit," despite the defense's attempts to validate the demand by quoting President Recep Tayyip Erdoğan.