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

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.