Turkey's Halkbank headquarters is seen in Ankara, Turkey, August 15, 2014. REUTERS/Umit Bektas
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The biggest state-owned bank on Turkey's stock market plunged the most on record Wednesday after its deputy chief executive was arrested in the U.S., accused of using his position at the bank to help facilitate evasion of U.S. sanctions on Iran.Traders exchanged almost 153 million shares by 4:56 p.m., the most since the shares were listed, according to data compiled by Bloomberg. Mehmet Hakan Atilla, the deputy chief executive officer now detained in the U.S., faces charges including conspiring to evade trade sanctions on Iran and banking fraud.In an indictment in May, prosecutors in the U.S. accused Zarrab of paying $1.4 million to the bank's former chief executive officer, Suleyman Aslan.Halkbank had hired Bank of America Merrill Lynch as global coordinator, along with Citigroup Inc., Commerzbank AG, HSBC Holdings PLC, JPMorgan Chase & Co. and Unicredit SpA as joint lead managers and joint book runners to arrange a roadshow for a sale of Tier 2 bonds in Europe and the U.S. from March 23-27 .
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