The first Financial Crimes Investigation Board (MASAK) report prepared as part of the Ankara Chief Public Prosecutor's Office's investigation into the alleged profit-driven criminal organization led by Alihan Kuriş examined domestic and international money transfers made through companies linked to the suspects.
The 168-page report recorded Güleryüz Kuyumculuk's banking transaction volume at TRY 66 billion 211 million and its cash deposits at TRY 26 billion 213 million. It also stated that more than TRY 8 billion flowed out of İstanbul Hisar Turizm, while İstanbul Hisar Sağlık Yatırım, which has capital of TRY 1 billion 358 million, had bank activity totaling only TRY 34,176.
Transactions in Güleryüz Kuyumculuk accounts
Güleryüz Kuyumculuk Turizm ve Otomotiv AŞ's total banking transaction volume between 2017 and 2026 was calculated at TRY 66 billion 211 million. During the same period, TRY 17 billion 260 million entered the company's accounts and TRY 18 billion 320 million flowed out.
Total cash deposits into the company's accounts amounted to TRY 26 billion 213 million, while total cash withdrawals reached TRY 4 billion 415 million. The report recorded cash deposits of TRY 2 billion 89 million and cash withdrawals of TRY 1 billion 556 million in 2023; in 2024, cash deposits totaled TRY 1 billion 417 million and cash withdrawals TRY 826 million.
International money outflows
Transactions of TRY 1 million or more involving foreign countries through İstanbul Hisar Turizm ve Ticaret AŞ showed outflows of approximately TRY 8 billion to Saudi Arabia and the United Arab Emirates.
Transactions linked to Saudi Arabia recorded outflows of TRY 4 billion 863 million 884 thousand 701 and inflows of TRY 189 million 358 thousand. Outflows linked to the United Arab Emirates totaled TRY 3 billion 163 million 164 thousand 102, while approximately TRY 18 million entered from that country.
The report stated that money was also transferred to accounts in Israel, Uzbekistan, India, the United States, Kazakhstan, Morocco, Spain, the United Kingdom, Jordan, Bosnia and Herzegovina, Sri Lanka, Indonesia, Germany and Albania.
Limited bank activity despite high capital
İstanbul Hisar Sağlık Yatırım ve Turizm Ticaret AŞ, established on November 18, 2025, was registered with capital of TRY 1 billion 358 million 236 thousand 351. The company's bank activity examined by MASAK amounted to only TRY 34,176.
The report showed that the company's gross and net sales were recorded as zero and that there were no records of purchases or sales of goods. It stated that most of the capital was used to finance the affiliated companies account, but no record could be found concerning the entity in which the company held a stake.
Foreign-currency inflows and cash withdrawals
In July 2018, FIDATO General Trading sent USD 2.5 million and USD 2.6 million to the accounts of Akdeniz Toros Et ve Et Mamulleri Sanayi ve Dış Ticaret AŞ on separate days. The following day, cash withdrawals of USD 2.6 million, USD 1 million 183 thousand 550 and USD 1 million 316 thousand 450 were made from the account.
Following an inflow of USD 2 million 365 thousand from Shanghai Omega FZE, a similar amount was withdrawn in cash the next day. On September 26, 2019, of the USD 2 million 250 thousand received from FIDATO, USD 1 million 800 thousand was transferred to İstanbul Hisar Turizm and USD 450 thousand to Çamlıca Basım Yayın.
On November 15, 2022, TRY 18 million 392 thousand, equivalent to USD 989 thousand 800, was deposited into the same company's account with the description “cash deposited as Nurettin Kaya delivery.” The money was sent to an energy company the following day with the description “advance payment for panel purchase for GES”; approximately USD 1 million deposited on November 7, 2023, was also transferred to the same company.
Assessment of the source of cash inflows
High-value cash deposits were made into İstanbul Hisar Turizm accounts between 2017 and 2024. Some dollar-denominated inflows carried the descriptions “deposited on behalf of partner İrfan Yılmaz” and “cash deposited as delivery for partner İrfan Yılmaz.”
As part of this activity, USD 2 million was deposited in cash on June 25, 2024, USD 1.2 million on July 31, 2024, and USD 1 million on January 4, 2024. Two separate cash deposits of USD 1 million each were also recorded on different dates in December 2023.
Cash movements in the accounts of Hisar Sağlık Hizmetleri Eğitim-Araştırma ve Tıbbi Cihazlar AŞ carried the descriptions “delivery from Abdullah Özcan Yavuz,” “deposited by Abdullah Özcan Yavuz” and “deposited by Kasım Arınç on behalf of Abdullah Özcan Yavuz.” The report stated that the source of the high-value cash inflows, particularly those in 2024, needed to be clarified.
Transactions in Ümran Eğitim and foundation accounts
Ümran Eğitim AŞ recorded more than TRY 1 billion in inflows and outflows totaling hundreds of millions of lira between 2017 and 2026. The report stated that cash deposited into the account and money received from associations and foundations were transferred to other companies on the same day or the following days.
On June 1, 2026, TRY 9 million 300 thousand was sent to Mehmet Toktaş with the description “payment for 46 head of cattle for sacrifice.” The same money was returned to the Ümran Eğitim account the next day with the note “incorrect money transfer” and then sent to Ahmet Seven with the description “producer payment for 46 head of cattle for sacrifice.”
Gümüşsoy Sevim Kuran Okutma Vakfı's banking transaction volume between 2017 and 2026 was calculated at approximately TRY 567 million. The report stated that money received into the foundation's accounts, deposited in cash and carrying the description “donation” was later sent to various companies through high-value transfers.
The foundation sent approximately TRY 52.1 million to Ümran Eğitim in 142 transactions and approximately TRY 38.9 million to Yavuzlar Grup İnşaat in 83 transactions.
Scope of the investigation
The MASAK report recorded extensive links among Ümran Eğitim, Akdeniz Toros, Çamlıca Basım Yayın, İstanbul Hisar Turizm, Hisar Sağlık and Gümüşsoy Sevim Kuran Okutma Vakfı, particularly in terms of bank transfers and records of purchases and sales of goods.
It stated that financial transaction volumes and the value of purchases and sales of goods increased at a significant number of the companies examined, particularly after 2020 and more markedly from 2022 onward. Receiving money from payment institutions, high cash circulation, cash inflows made by partners whose sources required clarification, and the rapid transfer of these funds to other companies were listed among the common features in the report.
The report said there was suspicion that financial transactions whose sources were considered questionable may have been carried out as part of an organized operation. This reflects the assessment of the financial examination within the scope of the investigation and does not constitute a final court ruling.
On August 13, the Ankara Chief Public Prosecutor's Office issued detention warrants for 49 suspects as part of the investigation, and 33 suspects were apprehended. The investigation is being conducted into the alleged offenses of establishing and managing a criminal organization, membership in a criminal organization, laundering of assets derived from crime, fraud causing damage to public institutions and organizations, and violating the tax procedure law.
