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Turkey arrests 201 in $3 billion investment fraud probe

By Drooid · · How we work

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Story summary
  • Turkish authorities continue investigating an investment fraud network accused of stealing about $3 billion.
  • 201 suspects were arrested, including nine Israelis and 45 foreign nationals from 20 countries.
  • Justice Minister Akin Gürlek called the case a major blow to a fraud network linked to Israel.
  • Financial Crimes Investigation Board (MASAK) and National Intelligence Organization (MIT) found Israeli-linked individuals holding stakes in companies.
  • Clients attempting withdrawals were allegedly forced to pay additional fees.