Sadapay’s New Turkish Owners Arrested For Illegal Gambling and Money Laundering

Papara boss Ahmet Faruk Karslı, accused of transferring illegal betting money, was detained. Karslı had attracted attention with his purchase of the Red Mansion on the Bosphorus for 200 million lira. Here are the headlines from Wednesday, May 28 in Hürriyet, Milliyet, Sabah, Takvim, Cumhuriyet, Birgün, Sözcü newspapers.

Sadapay’s New Turkish Owners Arrested For Illegal Gambling and Money Laundering

Turkish authorities have launched a significant crackdown on illegal gambling and money laundering activities, with fintech giant Papara at the center of the investigation. Papara is the organization that recently acquired Sadapay.  On May 27, 2025, coordinated raids across Istanbul led to the detention of 13 individuals, including Papara’s founder and chairman, Ahmet Faruk Karslı. The Istanbul Chief Public Prosecutor’s Office has brought seriou…

An operation was carried out on Papara as part of an investigation into illegal betting. There are striking details in the operation. How was illegal betting traffic directed? How did the organization leaders transfer money? How were crime revenues laundered with a crypto wallet? A News reporter Esra Akyürek explained the details live on air.

BREAKING: Turkish fintech Papara faces money laundering probe - AML Intelligence

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