CEO of seized Koza-Ipek appeals for fair investigation

Turkish businessman Akin ipek, the former CEO of the seized conglomerate Koza-ipek Holding, called on prosecutors on Thursday to allow a fairer probe into the alleged wrongdoings in the holding, stressing that the firmand’s losses have already hit $1 billion.
On Oct. 26, the Ankara Chief Public Prosecutorand’s Office ordered Koza-ipek Holding to be placed under the management of a trustee panel while an investigation continues into the groupand’s alleged financial and management wrongdoings.
and”Local and foreign investors have sustained serious losses. I call on the prosecutors to appoint independent auditing institutions to investigate the holdingand’s activities. These institutes should provide relatively faster and correct information,and” ipek said on his Twitter account on Thursday. He added that the auditing bodies should be authorized by the Capital Markets Board (SPK). As you can see, ipek called on prosecutors and”that gold production at our facilities [has continued] without a problem since the holding was seized. andhellipand you have seen that there is no abuse in our transactions. What else is left to search for? We have strived for years to establish and develop these firms.and”
Prior to its seizure, companies belonging to Koza-ipek Holding were initially raided on Sept. 9 by police seeking financial documents after a court issued a search warrant. The Finance Ministryand’s Financial Crimes Investigation Board (MASAK), which conducted the raids, failed to find any illegal activities or transactions after thoroughly investigating the holdingand’s files and records.


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