Turkish authorities have ordered the seizure of 121 firms tied to Can Holding, a conglomerate spanning media, education, energy, hospitality, healthcare, and construction, transferring control of the companies to the nation’s deposit insurance fund.
Istanbul, Sept. 11 — Prosecutors in Turkey issued arrest warrants for 10 individuals, including senior executives of Can Holding, alongside the sweeping confiscation order.
The move places the wide-ranging business empire under the oversight of the Savings Deposit Insurance Fund (SDIF), a body often tasked with managing assets seized in corruption and security-related investigations.
Can Holding’s diverse portfolio — from media outlets and schools to energy, hotels, healthcare, and construction firms — underscores the far-reaching impact of the state’s decision.
Analysts say the action reflects Ankara’s ongoing efforts to tighten oversight of conglomerates seen as posing financial or political risks, though details on the specific charges remain limited.
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