FBI Investigates Turkish Government Link to Funds for NYC Mayor's Campaign Through KSK Construction Company

Investigation reveals millions in loans from Turkish bank to KSK Construction, questions over whether authorities in Turkey funneled money via straw donors for NYC Mayor Eric Adams' campaign arise.

The FBI is investigating a suspected scandal involving the Turkish government allegedly funneling money to NYC Mayor Eric Adams' campaign through local straw donors and KSK Construction, a firm with extensive ties to a Turkish government-owned bank.
KSK Construction, its principals, and affiliates have received at least $14.9 million in loans from Turkey's Vakiflar Bankasi, along with extended lines of credit worth $7.4 million. Vakifbank has been funding KSK's activities in New York City for over a decade.
The investigation follows FBI raids on the home of one of Adams' top fundraisers and KSK's offices. There are suspicions of potential kickbacks from Mayor Adams' campaign to anyone associated with KSK Construction.
Federal investigators are also examining the role of KSK's owners and employees in Adams' campaign fundraising. An event organized by one of KSK's owners resulted in $13,950 donations to Adams from 11 company employees.
Questions about compliance with campaign finance rules have arisen, as multiple KSK employees listed as donors to Adams' campaign have denied any recall of donating. Despite the allegations, Mayor Adams has denied any wrongdoing.