Turkey police seize assets in 850 million‑lira forex fraud scheme

forex fraud 850 million lira Turkey asset seizure simultaneous raids

A coordinated nationwide operation led by the Ministry of Interior, the Public Prosecutor's Office and intelligence agencies targeted an organized crime group that used a forex investment scheme promising high returns. Simultaneous raids were carried out in Istanbul, Antalya, Ankara and Sakarya, searching 21 residences and six business premises.

Investigators determined that the ring extracted about 850 million Turkish lira from twelve victims by convincing them to invest in foreign‑exchange trades of precious metals and currency. MAS AK reports and a tax‑audit expert report confirmed the illicit gains. Court orders authorised the seizure of the suspects’ assets and of the six commercial locations, and the assets of all detained suspects were confiscated.

Authorities detained dozens of suspects – 25 were formally arrested and taken into custody, with additional persons still being sought – and seized large volumes of cash, gold and weapons. The operation is described as the largest crackdown on a financial‑fraud network in recent years.

Entities: Bakırköy Cumhuriyet Başsavcılığı · Bakırköy Public Prosecutor's Office · FOREKS fraud network · MASAK · Ministry of Interior (Türkiye) · Selçuk Türkkan · Turkish Ministry of Finance Tax Inspectorate · Turkish authorities · Turkish lira · Y. K · Zonguldak Traffic Police · İstanbul İl Jandarma Komutanlığı

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 5 SOURCES] The operations targeted 21 residences and six business premises. (Belief)
[● 6 SOURCES] Court orders authorized seizure of the suspects' assets and the six business locations. (new)
[● 7 SOURCES] A criminal organization led by Y. K used a forex investment scheme promising high returns to defraud victims. (new)
[● 6 SOURCES] MASAK and tax‑audit expert reports confirmed the illegal gains of the fraud ring. (new)
[● 7 SOURCES] The fraud scheme extracted approximately 850 million Turkish lira from the victims. (new)
[● 6 SOURCES] Simultaneous raids targeted 21 residences and six business premises. (new)
[● 6 SOURCES] Twelve individuals were targeted as victims of the fraud. (new)
[● 6 SOURCES] Twenty‑five suspects were detained in connection with the scheme. (new)
[● 5 SOURCES] The operation was coordinated by the Ministry of Interior, the Public Prosecutor's Office, the Intelligence Agency and other security bodies. (new)