The Boydak family's shares in the famous bank were seized.

The hearing held at the Kayseri 2nd Heavy Penal Court was attended by the defendants M.B., İ.B., Ş.B., and S.B. along with their lawyers. Bekir and Mustafa Boydak, who are convicted of other crimes, connected to the hearing via the Audio and Visual Information System (SEGBİS). The five defendants who are not in custody did not attend the hearing.

COURT: SHARES WERE USED TO FINANCE FETÖ

The shares of former Boydak Holding executives and family members in Türkiye Finans Participation Bank were confiscated by the court on the grounds that they were used to finance FETÖ.

The hearing held at the Kayseri 2nd Heavy Penal Court was attended by the defendants M.B., İ.B., Ş.B., and S.B. along with their lawyers. Bekir and Mustafa Boydak, who are convicted of other crimes, connected to the hearing via SEGBİS. The five defendants who are not in custody did not attend the hearing.

Memduh and İlyas Boydak, who are convicted of other crimes, along with the defendants Şükrü and Sami Boydak, who are not in custody, were present at the hearing. Bekir and Mustafa Boydak participated in the hearing via the Audio and Visual Information System (SEGBİS) from prison.

DEFENDANTS OPPOSED THE CONFISCATION OF SHARES

The prosecutor requested the confiscation of the defendants' shares in Türkiye Finans Participation Bank. Defendant Memduh Boydak claimed that Boydak Holding sold its shares in the bank for 582 million dollars to a foreign bank in 2008 and argued that this sale was not related to terrorism, requesting the rejection of the confiscation request. Boydak stated that the shares are a family inheritance and requested time for their sale.

Bekir Boydak, a fugitive former board member of Boydak Holding, who has a confirmed prison sentence of 7 years and 6 months for being a member of the Fetullah Terrorist Organization (FETÖ), was captured in Istanbul in MARCH 2024.

The court decided to confiscate a total of 22.34% of the shares. The executives of Boydak Holding had previously received prison sentences for membership and management of FETÖ, and the shares were transferred to the Savings Deposit Insurance Fund (TMSF).