FUGITIVE

TURKEY 2

An investigation disclosed how Gülen-linked Koza İpek Holding laundered money. The holding, which is suspected of providing financial support to terrorism, reportedly recorded donations as profits

 

http://www.dailysabah.com/money/2015/10/30/money-laundering-through-donations-revealed-at-koza-ipek

 

The digital and hard-copy documents and data seized at Koza İpek Holding’s headquarters allegedly reveal money laundering through “donations.” Trustees had been assigned to administer Koza İpek Holding’s 22 companies upon the request of the Ankara Public Prosecutor’s Office and “donation” documents exposed that many people had been paying regular “subscription fees” to the company. An examination disclosed how such funds were reportedly laundered as the difference between profit and donation at the end of the year was extremely high.

The holding is suspected of providing financial support and distributing propaganda of what government officials call the Gülenist Terror Organization (FETÖ), police sources said, which is led by U.S.-based Turkish fugitive imam Fethullah Gülen who lives in self-imposed exile in rural Pennsylvania.

The Ankara Public Prosecutor’s Office announced that “information and documents indicating that all suspects have provided financial resources to FETÖ in consensus and unity,” and recently the content of the documents has also been revealed. The hard-copy and digital documents seized in the raid of Koza İpek Holding buildings by Ankara Police Headquarters’ Anti-Smuggling and Organized Crime Department have now been added to the file. According to expert reports, the funds that have been recorded as revenue from gold mines are in fact revenue from “donations.”

While the term “donation” has not been mentioned, it is now apparent that the funds transferred to FETÖ have been collected under various budget items such as subscription fees, charity and money found among others.

The documents show that the names, monthly payments and remaining debts of people who paid these donations in 2013, 2014 and 2015 are indicated in the tables prepared in an electronically. While the smallest payment is TL 10 ($2.9), the donation amounts increase up to TL 11,055 in the payment tables. Securities were also obtained from certain people and such individuals paid these securities in installments.

In the tables, which were updated on the 15th of each month, there are totals under columns such as securities, collections and remainder.

Another interesting point the reports record is that Koza İpek Holding has paid more donations and aid than its profit in 2011. “Koza İpek Holding’s profit in 2011 was TL 20,706,100, whereas the total donations and aid is TL 32,359,267,” the report read, leading to the belief that the conglomerate added funds to its profit to pay such for donations.

FETÖ is accused of conspiring against the state, wiretapping thousands of people, including government officials and encrypting phones. The organization has been labeled a threat to the country’s national security. According to Turkish law no: 6415, as part of the United Nations Security Council’s regulation regarding the prevention of financing terrorism, providing financial support to a terrorist organization is a crime, thus operations can take place and assets can be frozen.