The Istanbul Chief Public Prosecutor’s Office’s Terrorist Financing and Money Laundering Investigation Bureau requested financial data from MASAK as part of an investigation into transactions conducted in the capital markets.
In a memorandum sent on September 17, the Chief Public Prosecutor’s Office requested information on the executives of Pusula Finans Holding AŞ, Tera Yatırım Menkul Değerler AŞ, Hedef Holding AŞ and Bulls Yatırım Menkul Değerler AŞ, as well as those of the companies’ subsidiaries.
Transfers of money and crypto assets abroad to be examined
As part of the request, the authorities asked for the full identifying details of all the companies’ executives and for raw data on their transfers of money and crypto assets abroad, as well as all inflows and outflows of funds, from 2024 to the present to be sent to the Chief Public Prosecutor’s Office.
The financial examination is planned to cover the money and crypto asset movements of the executives’ first-degree relatives, in addition to those of the company executives. The aim is to determine whether money was transferred abroad through the executives or their relatives and whether crypto assets were transferred out of the country.
Detentions in the investigation
As part of the investigation, Tera Yatırım Holding Board Chairman Emre Tezmen, Tera Yatırım Holding Board Member Emre Alkin, Tera Yatırım Independent Board Member Kerem Alkin, Tera Portföy General Manager Alper Öztürk and Pusula Holding Board Chairman Serdar Turhan were detained.
Police teams also searched the executive offices belonging to suspects Emre Tezmen and Alper Öztürk.