[REVISION HISTORY]
Turkish investment fund investigation
Updated 1 time since CLSTR started tracking revisions of this situation.
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2026-10-02 22:02 UTC → 2026-10-04 12:55 UTC ·
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The Istanbul Chief Public Prosecutor's Office launched an investigation into 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. Reports 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. period, updated figures indicate the amount may reach nearly 16 billion TL. In response, Melis Sandal has denied the claims, claims through her legal counsel, asserting that the reported figures are inaccurate and that her international transfers were are legal transactions related to real estate. Her legal counsel 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.
Versions
- 2026-10-04 12:55 UTC Turkish investment fund investigation
- 2026-10-02 22:02 UTC Turkish investment fund investigation
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