ABDULKADIR – Victims set up union to fight ‘Jet FadIl’

Victims set up union to fight ‘Jet FadIl’Timeshare buyers of a failed luxury construction project that belongs to embattled Turkish businessman FadIl Akgunduz have established a union to seek their legal rights against Akgunduz, commonly known by his nickname andldquoJet FadIl.andrdquoConstruction of Akgunduzand#39s Caprice Gold timeshare hotel project in Istanbuland#39s BayrampaIa district, aertised as a seven-star project, was halted with customers left guessing when they would start getting their timeshare rent payments as promised by Akgunduz.

The embattled businessman was previously fined by the Ministry of Customs and Trade in 2012 for engaging in unfair competition in Caprice Gold. Fifty Caprice timeshare buyers said over the weekend that they are mobilizing under the roof of a union through which they will pursue legal proceedings against Akgunduz.

Akgunduz had earlier promised that the project would be finished in 2011. However, a total of 12,000 people who purchased timeshare rights from the project have been unable to collect their rents for six months.

The 50-person group visited the Caprice Gold construction site on Sunday only to find officials who promised them the project would be finalized before the end of 2015. The timeshare buyers say they do not believe the company will live up to this promise and that they are prepared to file a lawsuit against Akgunduz.

Akgunduz has so far collected TL 1 billion from timeshare buyers and his company has declined to reveal his whereabouts since a crisis erupted over Caprice earlier this yearLast month, Akgunduz came under fire for instructing timeshare buyers in a separate failed project to find more customers and not ask when their investments would be reimbursed. He recently sent a letter to Prime Minister and President-elect Recep Tayyip ErdoIan asking for his help to overcome financial troubles.

Turkish media reported that Akgunduz is now unable to pay his employeesand#39 salaries and has had to cancel a separate housing project and close a restaurant in Istanbul.Akgunduz is no stranger to legal trouble.

He served a prison sentence between 2002 and 2004 for failing to deliver to investors on a project in which he intended to develop a Turkish-made automobile.

SOURCE: Today’s Zaman