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Turkey Seizes Can Holding in Fraud Probe, Puts Haberturk and Show TV Under State Control

Press watchdogs warn the move could tighten state leverage over media ownership.

Overview

  • Prosecutors transferred the assets of 121 Can Holding companies to the state-run Savings Deposit Insurance Fund.
  • The action covers major broadcasters, including Haberturk and Show TV, which continued normal programming Thursday.
  • Investigators allege a scheme involving fraud, tax evasion and laundering of funds of unknown origin using forged documents.
  • Arrest warrants were issued for 10 executives tied to Can Holding, with local media reporting home searches targeting top managers.
  • The state trustee said operations would continue and employee protections would be maintained, according to statements reported by JURIST.