Türkiye freezes assets of 121 Can Holding companies in major fraud probe

A large-scale operation was carried out in Türkiye targeting the creation of a criminal organisation, smuggling, fraud, and money laundering.

According to TRT Haber, the operation was initiated by the Istanbul Küçükçekmece District Prosecutor’s Office.

As part of the operation, the accounts and assets of 121 companies within Can Holding were frozen. This includes major media holdings such as Habertürk and Show TV.

A comprehensive assessment of financial flows identified in MASAK reports revealed that the suspects were laundering illicitly obtained funds by channelling them into various sectors and attempting to acquire a false reputation and influence in the economic sphere.

Decisions have been made to arrest ten senior executives of these companies.

By Khagan Isayev