Operation against money laundering in the Grand Bazaar! 76 suspects have been detained.

11.11.2025 13:20

As part of the investigation into money laundering allegations conducted by the Istanbul Chief Public Prosecutor's Office in the Grand Bazaar, an operation was carried out against suspects, including officials from Hotto Yazılım Ticaret A.Ş. and Coinvest Liz Bilişim A.Ş. As a result of the operation conducted in 10 provinces centered in Istanbul, 76 suspects were detained. Additionally, in accordance with the report from the Financial Crimes Investigation Board, 31 vehicles and 74 real estate properties valued at 335 million Turkish Liras were seized.

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As part of the investigation conducted by the Istanbul Chief Public Prosecutor's Office regarding money laundering allegations in the Grand Bazaar, it was determined that money laundering activities were carried out using real persons and shell companies from the proceeds of 'illegal betting', 'forex investment fraud', and other qualified fraud actions.

According to the reports prepared by the Financial Crimes Investigation Board and the expert report, an organization was established through shell companies and accounts opened by real persons as fronts, and it was reported that there was a separate accounting system created in the background for the purpose of tracking the organization of this system and the money transfer system. It was also stated that this system was a professional money laundering system created through e-money/payment institutions, banks, currency exchange offices, and cryptocurrency service providers operating in Turkey, with the aim of distancing the sources of the values obtained from the crime and giving them a legal appearance through various transactions.

76 SUSPECTS DETAINED

While three operations had previously been carried out regarding the laundering of criminal proceeds, particularly through currency stations operating in the Grand Bazaar, a fourth operation was conducted today. In addition to the officials of the shell companies established to facilitate the laundering of criminal proceeds, 76 suspects were detained in Istanbul and 10 other provinces, including officials from Hotto Yazılım Ticaret A.Ş. and Coinvest Liz Bilişim A.Ş., which were established solely for the purpose of converting criminal proceeds through currency stations operating in the Grand Bazaar.

31 VEHICLES AND 74 PROPERTIES SEIZED

Additionally, within the framework of the investigation, 31 vehicles and 74 properties valued at 335 million Turkish Liras were seized in accordance with the report of the Financial Crimes Investigation Board.