26.06.2025 08:20
A major crisis has erupted among the brothers at Kazancı Holding, one of Turkey's largest energy companies. Mehmet Kazancı accused his brother Şaban Cemil Kazancı, who is the second richest person in Turkey, of seizing his shares and sought help from President Erdoğan. Due to the tension, the police were called to the holding's building.
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Aksa Energy, Kazancı Holding, which includes giant companies such as Aksa Electricity and Aksa Natural Gas, has recently made headlines not for its commercial activities but for an internal family crisis. The holding's shareholder Mehmet Kazancı had a dispute with his brother Şaban Cemil Kazancı, who is also the Chairman of the Board, during the general assembly. As the argument escalated, the police were called to the holding's building.
"THE COMPANY IS BEING MANAGED WITH FAKE ACQUIRED SHARES" After the general assembly, Mehmet Kazancı made a statement on social media accusing his brother of trying to unlawfully seize the company shares. Kazancı claimed that shares were transferred without the consent of their father, who suffers from Alzheimer's disease, stating, "I am only offered a small amount as a formality. However, a large part of the company is being managed with fake acquired shares."
Mehmet Kazancı-Şaban Cemil Kazancı CALL TO THE PRESIDENT In his statement, Mehmet Kazancı included striking allegations, claiming that his brother said, "Even if you go to court, you cannot win; I will buy all of them." Kazancı expressed his desire for the process he is experiencing to become public, and he also called on President Recep Tayyip Erdoğan:
"I have fought this struggle within myself for years, but I want the public to know now. I would be very pleased if our esteemed President intervenes in this matter. This is not just a company dispute; it is a great injustice."
WILL FILE A CRIMINAL COMPLAINT Mehmet Kazancı announced that he would file a criminal complaint against everyone involved in the fraudulent share transfer. Stating, "We are facing a very large fraud," Kazancı emphasized that he would defend his rights within the holding to the end.
No official statement has yet been made by Kazancı Holding regarding the ongoing crisis.
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