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Gold Was Melted Down in Kuyumcukent: A Massive Heist Involving 64 Kilograms of Gold.

Summary by Cumhuriyet
The investigation, conducted by the Bakırköy Chief Public Prosecutor's Office, was initiated following complaints from 16 companies operating in Kuyumcukent (Jewelry City). It was determined that the suspects, through businesses established in the names of third parties, melted down jewelry they had collected, converting it into pure gold, and caused losses by collecting a total of 64 kilograms of gold from the market.

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The investigation, conducted by the Bakırköy Chief Public Prosecutor's Office, was initiated following complaints from 16 companies operating in Kuyumcukent (Jewelry City). It was determined that the suspects, through businesses established in the names of third parties, melted down jewelry they had collected, converting it into pure gold, and caused losses by collecting a total of 64 kilograms of gold from the market.

·Istanbul, Türkiye
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An investigation has been launched in Istanbul into suspects who collected gold from the market by claiming they would sell it in Anatolia, and then alleged they went bankrupt. (October 6, 2026, Sputnik Türkiye)

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The Bakırköy Public Prosecutor's Office launched a large-scale operation against an organized criminal network that melted the crafted jewelry they collected from 16 companies operating in Kuyumcukent with the promise “we will sell in Anatolia” in their workshops and turned it into 64 kilograms of gold and then swindled the market by saying “we are bankrupt”. Detention orders were issued for 35 suspects in the operation in 3 Istanbul-based provi…

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The Istanbul Bakırköy Chief Public Prosecutor's Office has launched an investigation into individuals who allegedly used businesses in Kuyumcukent (a jewelry district) as intermediaries to collect jewelry, then defrauded those who bought it by claiming they had gone bankrupt, resulting in the loss of 64 kilograms of gold. Arrest warrants have been issued for 35 suspects.

The investigation, conducted by the Bakırköy Chief Public Prosecutor's Office, was initiated following complaints from 16 companies operating in Kuyumcukent (Jewelry City). Click here for more.

·Türkiye
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Following complaints from 16 companies operating in Kuyumcukent (a jewelry district) across three provinces, centered in Istanbul, an investigation led to arrest warrants being issued for 35 suspects. It was determined that the suspects, through businesses established in the names of third parties, melted down jewelry to convert it into pure gold, accumulating a total of 64 kilograms of gold and causing financial losses.

·Beyoğlu, Türkiye
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Akşam broke the news in Istanbul, Türkiye on Tuesday, October 6, 2026.
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