Twenty arrested in Türkiye over alleged financial fraud scheme

Turkish authorities have arrested 20 people suspected of organising a financial fraud scheme in an operation spanning 16 provinces and coordinated from Istanbul.

According to investigators, the suspects used social media to recruit bank account holders, known as “droppers”, who allegedly provided access to their accounts in exchange for payment. The accounts were then used to withdraw and transfer funds obtained through fraudulent activities, Caliber.Az reports, citing Turkish media.

Investigators said the suspects arranged cash withdrawals through ATMs and bank branches and transferred some of the funds to cryptocurrency platforms.

The operation was conducted by the Istanbul Police Cybercrime Department under the coordination of the Chief Public Prosecutor’s Office for Istanbul’s Anatolian District.

Legal proceedings against the detained suspects are ongoing.

By Sabina Mammadli