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2 clusters · 36 sources · 4 days · First seen · Last updated

Turkish investment fund investigation

Overview

The Istanbul Chief Public Prosecutor's Office is investigating capital market transactions involving allegations of money laundering and terrorism financing. This probe resulted in arrest warrants for Melis Sütşurup Sandal and her father, Cihan Sütşurup, alongside the seizure of assets and bank accounts for 42 individuals and various entities.

While initial reports alleged that Melis Sütşurup Sandal redirected approximately 11.1 billion TL (roughly 197 million to 200 million euros) from liquidated funds over a three-month period, updated figures indicate the amount may reach nearly 16 billion TL.

In response, Melis Sandal has denied the claims through her legal counsel, asserting that the reported figures are inaccurate and that her international transfers are legal transactions related to real estate. Her legal team stated that all business dealings are verifiable through bank reports. Melis Sandal clarified that her presence in Dubai is for her child’s education and expressed willingness to return to Turkey to provide a statement. Turkish singer Mustafa Sandal has publicly distanced himself from the investigation, stating he has no financial partnership or business connection to the funds in question.

Entities

Istanbul Chief Public Prosecutor's Office · Mustafa Sandal · Cihan Sütşurup · Melis Sandal · Borsa İstanbul

Timeline

  1. [INTERNATIONAL] 6 sources
    Melis Sandal faces Turkish financial investigation amid fund allegations

    Melis Sandal faces a Turkish financial investigation over alleged multi-billion lira fund transactions, while Suzana Jovanović reflects on the limitations of wealth following her husband Saša Popović's death.

  2. [CRIME] 32 sources
    Melis Sütşurup Sandal and father face arrest warrants in Turkish fund probe

    Turkish authorities have issued arrest warrants and seized assets of Melis Sütşurup Sandal and Cihan Sütşurup amid a major investigation into money laundering and capital market manipulation.

Sources

072info.com · aksam.com.tr · banjaluka.net · bl-portal.com · borsagundem.com · diken.com.tr · dokuz8haber.net · espreso.co.rs · f5haber.com · gazetedamga.com.tr · gazetepencere.com · haberaktuel.com · haberturk.com · halktv.com.tr · ilerigazetesi.com.tr · karar.com · kibrisgazetesi.com · kurir.rs · m.takvim.com.tr · magazinkolik.com · manisahaberleri.com · marasbugun.com.tr · mersinhaber.com · mondo.rs · nova.rs · onedio.com · prv.mk · pulsonline.rs · sallinggroup.com · sondakika.com · story.rs · taratur.com · telegraf.rs · yazarhaber.com.tr · yenikonya.com.tr · yorumla.net

This summary has been updated 1 time: see revision history