18.02.2026 14:26
The Paris Court of Appeal rejected the appeal made by the Uzan family, paving the way for the enforcement of the Turkish court's decision in France. Thus, the collection process for the receivables amounting to 4 million 22 thousand 791.96 US dollars, 1 million 667 thousand 948.70 euros, 7 thousand 7.84 pounds, and 14 thousand Swiss francs in favor of the Savings Deposit Insurance Fund (TMSF) has been initiated.
The Savings Deposit Insurance Fund (TMSF) has passed an important stage in the legal process it is conducting in France to monitor the assets of the Uzan Group abroad and to collect public receivables. A request was made for the recognition and enforcement of the decision made by the Istanbul 2nd Commercial Court against Cem Cengiz Uzan and Murat Hakan Uzan, and the Paris Judicial Court (Tribunal Judiciaire de Paris) decided to enforce the said ruling.
APPEAL APPLICATION REJECTED
The Uzans brought this decision to the Paris Court of Appeal. However, the court rejected the appeal application with its decision dated February 3, 2026, upholding the enforcement decision of the first-instance court. According to Habertürk, the decision stated that TMSF has the authority to request the collection of receivables. It was emphasized that Turkish courts are competent in the dispute and that the principles of fair trial were respected in the proceedings conducted in Turkey.
COLLECTION IS NOW POSSIBLE
With the decision, the collection of receivables amounting to 4 million 22 thousand 791.96 US dollars, 1 million 667 thousand 948.70 euros, 7 thousand 7.84 pounds, and 14 thousand Swiss francs in favor of TMSF has been made possible in France.
The Uzans can appeal to the French Supreme Court (Cour de Cassation) within two months from the notification of the decision. However, any potential appeal will not stop the enforcement of the receivable, which has reached approximately 19 million dollars with interest.
PUBLIC LOSS REACHES 17.4 MILLION DOLLARS
Due to the dual registration system applied at Imar Bank, managed by Cem Uzan and his family, a public loss of approximately 6.5 billion dollars occurred, which was covered by public resources. TMSF had borrowed from the Treasury to compensate for the victims' losses. It is stated that the current equivalent of the amount in question has reached approximately 17.4 billion dollars with the indexing to state domestic borrowing securities (DİBS).
On the other hand, it has been determined that Cem Uzan conducted retroactive transactions to evade responsibility in the Imar Bank investigation, and a conviction decision was made against him in this context.
As a result of the cases seen in the Istanbul 7th Heavy Penal Court, Istanbul 8th Heavy Penal Court, and Pamukova Criminal Court, Cem Uzan was convicted of defrauding public institutions and organizations, qualified embezzlement, establishing and managing an organization for the purpose of committing a crime, forgery in official documents, and depriving a person of their liberty by instigation. He has a confirmed prison sentence of 47 years, 5 months, and 20 days.
TMSF is continuing the legal process regarding the assets both domestically and abroad to collect the public loss caused by the Uzan family.