Gaziantep authorities launch major operation against 13.7 billion TL fraud scheme

Authorities in Gaziantep, Turkey, have launched a major operation targeting illegal currency transfers and VAT fraud. Coordinated by the Gaziantep Chief Public Prosecutor's Office, the investigation revealed that between 2017 and 2026, suspects used various individuals, businesses, and companies to illegally transfer foreign currency brought into the country from abroad back to overseas entities.

Investigations and MASAK reports identified over 13.76 billion TL in suspicious money movements. The scheme also allegedly involved issuing high-value invoices to obtain fraudulent VAT refunds. As a result of the investigation, 28 suspects have been detained following simultaneous raids across Gaziantep, Istanbul, Mardin, Kahramanmaraş, and Kilis. Six additional suspects remain at large.

Law enforcement targeted 11 companies located in Gaziantep and Istanbul. During the operations, authorities seized significant amounts of foreign currency, gold, and digital materials. Additionally, approximately 570 million TL worth of movable and immovable assets has been confiscated. The investigation is ongoing.