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Caprice Gold investors demand state expropriation of unfinished project
Investors in the Caprice Gold Bayrampaşa project in Istanbul have held a protest demanding that the Turkish state expropriate the unfinished construction site to recover their losses. The project, initiated in 2010 by Fadıl Akgündüz, remains incomplete after construction halted in 2014.
According to the Caprice Gold Victims Association, approximately 28,130 people were affected by the project. The site, which includes a 27-story building on 30 acres of land, has been offered for sale by the bankruptcy estate for $350 million, but no buyers have been found for two years.
Fadıl Akgündüz, known publicly as “Jet Fadıl,” was sentenced in April 2023 to 2,504 years in prison and a judicial fine for defrauding 614 timeshare buyers. He is currently detained. Legal representatives for the victims stated they have successfully won title cancellation lawsuits regarding assets allegedly transferred to third parties to evade justice.
Entities
Bayrampaşa · Caprice Gold · Caprice Gold Yatırımcılar Derneği · Fadıl Akgündüz · Süha Cansız
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Fadıl Akgündüz was sentenced to 2,504 years in prison. www.haberport.com · www.avrupagazete.co.uk
- [○ 1 SOURCE] Construction on the Caprice Gold project stopped in 2014. www.avrupagazete.co.uk
- [○ 1 SOURCE] The project is being offered for sale at $350 million. www.avrupagazete.co.uk
- [○ 1 SOURCE] The Caprice Gold project has 28,130 victims. www.avrupagazete.co.uk
- [● 3 SOURCES] Investors are requesting the state to expropriate the building. www.haberport.com · www.avrupagazete.co.uk
- [○ 1 SOURCE] The bankruptcy estate has been unable to find a buyer for the project for two years. www.avrupagazete.co.uk