SadaPay's Turkish Owner Faces Money Laundering Probe

SadaPay's Turkish owner faces money laundering probe

Papara — a Turkish financial technology company that acquired Pakistan's leading fintech SadaPay in May 2024 — is currently under investigation by Turkish authorities for alleged involvement in money laundering, illegal betting, and other financial crimes. The company's founder and CEO, Ahmed Faruk Karsl?, has been detained along with 12 others as part of a sweeping law enforcement operation. According to a report by Turkiyetoday.com, the Istanb…

SadaPay’s Turkish Owner Probed Over $330M Money Laundering Case

Turkish authorities are presently investigating a Turkish financial technology company that acquired Pakistan’s leading fintech, SadaPay, in May 2024. The company is suspected of involvement in money laundering, illegal betting, and other financial crimes. Ahmed Faruk Karslı, the company’s founder and CEO, has been apprehended along with 12 other individuals as part of a wide-reaching […] The post SadaPay’s Turkish Owner Probed Over $330M Money …