Injunction against assets of 3 people in fund investigation

The fund investigation carried out by the Istanbul Chief Public Prosecutor's Office regarding the transactions carried out in the capital markets continues.

In the letter written by the Chief Public Prosecutor's Office to the relevant institutions within the scope of the investigation, it was stated that the necessary measures should be taken within the scope of the notification obligation in terms of all kinds of transactions and transactions that Pacific Holding Chairman Fatih Erdoğan, Deputy Chairman of the Board of Directors Abdulkerim Fırat and Board Member Mehmet Erdoğan want to make before the relevant institutions, such as transfer, assignment, sale, donation, mortgage/pledge establishment, account closure, high amount cash withdrawal, high amount EFT/transfer and similar activities that reduce the assets.

In the letter, it is stated that if an unusual transaction is requested by the persons in question, the opinion of the chief prosecutor's office should be obtained before the transaction is carried out and the relevant units/member organizations should be notified that no disposition transaction should be carried out without asking for an opinion, and the following was noted:

"It is requested that the ordinary transactions of persons who are subject to the notification procedure (such as transactions within the scope of professional activities, salary-invoice-institution payments, pension use) should not be prevented in a way that will cause victimization, and that our office of chief prosecutor should be informed without delay, especially of suspicious transactions that are out of ordinary activity, remarkable in terms of transaction amount or frequency, that may reduce assets or be considered collusive."

In the letter, it was stated that this warrant should be announced to all member banks and notary offices by the Banks Association of Turkey, the Participation Banks Association of Turkey and the Notaries Association of Turkey, and the information regarding the announcement should be forwarded to the chief prosecutor's office.

In the letter requesting that the capital market instruments in the accounts of Fatih Erdoğan, Mehmet Erdoğan and Abdulkerim Fırat be frozen by the relevant institutions, taking into account the scope of the file carried out against the suspects and the crimes they are charged with, it is requested to notify the Financial Crimes Investigation Board (MASAK) without delay within the scope of the Law on the Prevention of Laundering Proceeds of Crime, in terms of transaction requests that reduce the assets of the 3 names and such transactions carried out. It was stated that necessary action should be taken to forward the information regarding the notification to the chief prosecutor's office.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)