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New documents in Utah-linked money laundering case of shady Turkish business tycoon

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The legal proceedings against controversial Turkish businessperson Sezgin Baran Korkmaz (SBK) are ongoing. Austria, where SBK is under arrest, has accepted Turkey’s extradition request. Thus, it appears legal proceedings are moving forward.

Two newly uncovered documents indicated that the Paramount Hotel sale was included in the money laundering investigation. A decision was made to confiscate the property, but has been quickly revoked. There have been several suspicious events which have happened over the course of the SBK case.

On Sept. 30, 2020, the Office of the Istanbul Public Prosecutor asked the 10th Court of First Instance to seize all assets of 14 people including SBK as part of a money laundering investigation. On October 9, 2020, the seizure took place via the decision of the justice of peace.

Then Office of the Istanbul Public Prosecutor’s Terror Crimes Investigation Bureau directly lifted the seizure with its own decision on November 6. On November 7, 2020, the overseas travel ban on SBK was lifted by 7th Judge of Peace Ramazan Çiçek.

Whatever happened – and we do not really know -- another injunction came into effect on Nov. 30, 2020. On Dec. 29, 2020, an operation was held regarding SBK’s companies in which 11 people were detained and it was found that eight people were abroad, one of which was SBK. However, via mafia boss Sedat Peker’s video revelations and SBK’s own statement, SBK was summoned to the Interior Ministry on December 5 before going abroad on December 6. The theory is that he was tipped off about the investigation against him.

Let’s look at the chronology just referenced: Because the U.S. was pressing for it, a money laundering investigation was opened. Companies were seized etc. But, somehow, a power stepped in and made investigators say: “We have not come across any black money.” A month later, the same companies are confiscated, on........

© Duvar English

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