04.06.2025 15:30
In the context of an illegal betting investigation, Papara, which has been appointed as a trustee, recently announced to its users that it has initiated a review of accounts. During this process, balances have been blocked.
In the illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office, it was determined on May 27 that Papara played a critical role in the transfer of illegal betting and gambling revenues. Following this, according to a statement made by the Central Bank of the Republic of Turkey, a trustee from the Savings Deposit Insurance Fund (TMSF) was appointed to Papara by court order. Now, according to a notification made by Papara to its users, an examination of the accounts has been initiated.
ACCOUNTS BLOCKED
In an email sent to thousands of users by Papara, it was stated, "As Papara, our teams have initiated an examination process to ensure the security of all our users and to maintain the transparency of the financial system. You can continue to log into your account during the control process, but you will not be able to use your balance temporarily, and you will not be able to perform transactions in your account. We will inform you as soon as possible about your access to your account by completing the examination process quickly."
According to the statement, it will be possible to log into accounts during the examination process, but balances will not be usable. Papara stated that the examination will be conducted quickly.