Major Illegal Betting Operation in Istanbul: A Holding and 25 Companies Seized

In an investigation conducted in Istanbul, 25 suspects were detained due to alleged involvement in illegal betting and fraud activities.The investigation, led by the Istanbul Chief Public Prosecutor's Office, was carried out by the Bureau for the Prevention of Terrorism and Money Laundering. The Istanbul Gendarmerie Command Cybercrime Department worked to prevent violations of the 'Law on the Regulation of Football and Other Betting and Chance Games'.An examination of Turkish Electronic Money Inc. (Param) and the Turuncu Holding AŞ group of companies, as well as affiliated companies, revealed numerous high-volume financial transactions, according to reports from MASAK, the Central Bank, and the Turkey Payment and Electronic Money Institutions Association (TÖDEB).It was found that some accounts were linked to individuals involved in illegal betting and fraud activities, and that the proceeds of crime were laundered and transferred through various financial channels.The simultaneous operation conducted by the Istanbul, Ankara, and Izmir Gendarmerie Commands resulted in the seizure of a large amount of digital material. A trustee was appointed to Turuncu Holding AŞ and its 25 affiliated companies.