Illegal betting operation at Turuncu Holding: Trustees appointed to 25 companies

Illegal betting operation at Turuncu Holding: Trustees appointed to 25 companies

14.07.2026 14:30

Detention orders were issued for 25 suspects on allegations of illegal betting, fraud, and money laundering through Turuncu Holding Inc. and its subsidiaries. Trustees were appointed for the holding and 25 companies as part of the operation.

A detention decision was made for 25 suspects regarding the allegation that illegal betting and fraud activities were carried out through Turuncu Holding AŞ and the proceeds of crime were laundered.

In a statement from the Istanbul Chief Public Prosecutor's Office, it was stated that within the scope of the investigation conducted by the Terrorism Prevention and Money Laundering Investigation Bureau, the Istanbul Provincial Gendarmerie Command Cyber Crime Branch Directorate carried out work to prevent the crime of "violation of Law No. 7258 on the Regulation of Betting and Games of Chance in Football and Other Competitions" and to identify and apprehend individuals involved in the crime.

HIGH-VOLUME FINANCIAL TRANSACTIONS

The statement reported that examinations of MASAK reports, Central Bank external audit and inspection reports, written notifications from the Turkish Payment and Electronic Money Institutions Association (TÖDEB), open-source research reports, and company records regarding the Turuncu Holding AŞ-centered group company structure, including Turkish Electronic Money AŞ (Param) primarily, related companies, and their branches, revealed that numerous high-volume financial transactions were conducted.

OPERATION CARRIED OUT AGAINST 25 SUSPECTS

In the statement, which noted that some accounts were linked to individuals involved in illegal betting and fraud activities, and that proceeds of crime were laundered and distanced from their source through various financial channels after being transferred to different accounts, it was reported that an operation was carried out by the Istanbul Provincial Gendarmerie Command Cyber Crime Branch Directorate against 25 suspects and 25 legal entities.

TRUSTEE APPOINTED TO THE HOLDING AND ITS SUBSIDIARIES

The statement, which reported that a large number of digital materials were seized during the simultaneous operation conducted by teams from the Istanbul, Ankara, and Izmir Provincial Gendarmerie Commands, stated that a trustee was appointed to Turuncu Holding AŞ and its 25 subsidiary companies.

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