"Prosecutors in Turkiye have seized control of a 121-company conglomerate, which includes three major television stations, and ordered the arrest of 10 of its executives on fraud charges, according to media reports. The arrest order on Thursday targeted management at Can Holding, which is known for its energy and education assets, and which last year acquired prominent TV channels including Haberturk, Show TV and Bloomberg HT, an affiliate of Bloomberg News."
"In a statement published in Turkish media, prosecutors in the Istanbul district of Kucukcekmece said they had uncovered evidence that an organisation was established to commit crimes through companies operating under Can Holding including fraud, tax evasion and money laundering. It ordered the arrest of 10 people, including Can Holding's owners, and placed the assets of its 121 companies under the charge of a third party, the TMSF (Savings Deposit Insurance Fund of Turkiye)."
"Bloomberg HT is the main Turkish-language channel focused on business and the economy. In early morning raids, police detained Can's three top executives, Mehmet Sakir Can, Kemal Can, and Kenan Tekdag, the private NTV channel said. Tekdag is head of Ciner Media Group, which was acquired by the conglomerate in December, with Can saying he would be responsible for all of its media holdings."
Prosecutors in Turkiye seized control of a 121-company conglomerate linked to Can Holding and placed the group's assets under the TMSF. Authorities ordered the arrest of 10 people, including company owners and senior managers, citing allegations of fraud, tax evasion and money laundering. The conglomerate owns energy and education assets and acquired major TV channels last year, including Haberturk, Show TV and Bloomberg HT. Police detained three top executives — Mehmet Sakir Can, Kemal Can and Kenan Tekdag — in early-morning raids. The TMSF said operations would continue and that seized channels and educational institutions would keep operating.
Read at www.aljazeera.com
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