22.05.2026 00:40
Istanbul Bilgi University, owned by Can Holding, which was seized and placed under trusteeship by the Savings Deposit Insurance Fund (TMSF) within the scope of an investigation launched in September 2025, has been closed by a presidential decree.
A surprise decision was published in the Official Gazette at midnight. Bilgi University was closed by a presidential decision.
CLOSURE DECISION FOR BILGI UNIVERSITY
By a presidential decision, the operating license of Istanbul Bilgi University was revoked. According to the decision, the university was ordered to be closed due to the appointment of a trustee to its founding foundation. As will be recalled, within the scope of an investigation launched in September 2025, TMSF was appointed as a trustee to Can Holding, to which the university was affiliated.
OPERATION AGAINST CAN HOLDING
In September 2025, within the scope of an investigation conducted by the Küçükçekmece Chief Public Prosecutor's Office, companies affiliated with Can Holding were seized by the Savings Deposit Insurance Fund (TMSF) and a trustee was appointed. As part of this operation, the management of the Bilgi Education and Culture Foundation, to which the university was affiliated, was also removed from office by a court decision, and a new trustee board, including YÖK members, was appointed in its place.