US EditionLeading Turkish broadcaster seized by state as part of fraud and tax investigation
Turkish authorities seized 121 companies linked to Can Holding in a probe alleging fraud, money laundering, and tax evasion, with 10 executives arrested and assets placed under state control.
- Turkish prosecutors seized control of a 121-company conglomerate, including three major television stations, and ordered the arrest of 10 executives on fraud charges, according to media reports.
- The allegations against Can Holding include establishing a criminal organization involved in fraud, tax evasion, and money laundering, according to prosecutors in Istanbul.
- The Savings Deposit Insurance Fund of Turkey has been appointed as trustee for the seized assets of the companies involved, as reported by Anadolu Agency.
- Reporters Without Borders warned that this operation may tighten government control over media ownership, raising concerns about the establishment of a single voice in media.
32 Articles
32 Articles
Türkiye seizes mega-conglomerate and arrests executives over fraud charges
Turkish prosecutors seized control over media conglomerate Can Holding on Thursday, citing charges of fraud, money laundering, and tax evasion. Authorities issued 10 arrest warrants against various executives of the company and are reported to have raided the homes of Mehmet Sakir Can, Kemal Can, and Kenan Tekdag. The suspects also had their personal assets seized, including real estate and finances. Trusteeship of the company has been replaced …
Turkey prosecutors seize 3 TV stations as part of fraud probe
Turkish prosecutors on Thursday seized control of a 121-company conglomerate, which includes three major television stations, and ordered the arrest of 10 of its executives on fraud charges, media reports said. The arrest order targeted management at Can Holding, which is known for its energy and education assets and which last year acquired prominent TV channels including Haberturk, Show TV and Bloomberg HT, an affiliate of Bloomberg News. In a…
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