IMM announces: Point-by-point rebuttal to 'villa' and 'unregistered money' allegations

In the written statement in question, the allegations that 'they made payments from ISKI to buy villas' and 'Ekrem İmamoğlu hid the villas in question in his asset declaration' were denied.

The statement is as follows: 

"LIE: The lie that they made payments from ISKI to buy villas.

TRUTH: There is no direct tender relationship between ISKI and İmamoğlu İnşaat in any document.

The documents presented contain open commercial transactions arranged between Güllüce Tarımcılık Sanayi ve Ticaret A.Ş. and İmamoğlu İnşaat A.Ş. in the presence of a notary. There is no official document, invoice, payment receipt, or court decision supporting the claim of a commission or public loss.

THE LIE THAT VILLAS WERE TRANSFERRED TO İMAMOĞLU İNŞAAT

LIE: The lie that the villas were bought with public funds and transferred to İmamoğlu İnşaat.

TRUTH: According to open documents, it is clearly recorded that 100 percent of the shares of Güllüce Tarımcılık A.Ş. were purchased by İmamoğlu İnşaat A.Ş. for 48 million TL (Notary-approved decision book – 04.03.2024).

Furthermore, in the protocol made between the parties, the transfer of two properties located in Beylikdüzü, Istanbul, was committed in exchange for the payment of an 87 million TL debt. 

Güllüce Tarımcılık A.Ş.'s 87 million TL debt was assumed by İmamoğlu İnşaat; the agreement clearly stated: “Payment will be made in installments, and the property transfer will take place after the occupancy permit is obtained. In addition, along with the company shares, the company's existing debts were also taken over.” The definitive truth is this: 

Company acquisition occurs through debt transfer and real estate protocols.

Bribery does not occur through installments, notaries, or maturity plans.

THE LIE OF CONCEALMENT IN ASSET DECLARATION

LIE: The lie that Ekrem İmamoğlu hid the villas in question in his asset declaration.

TRUTH: Ekrem İmamoğlu’s individual assets and the properties owned by İmamoğlu İnşaat A.Ş. are separate corporate assets. None of the mentioned properties are registered under Ekrem İmamoğlu’s personal assets.

The distinction between the institution and the individual has been distorted. Furthermore, İmamoğlu İnşaat is a company engaged in commercial activities, and all its transactions are registered with notary records.

THE ISKI LIE

LIE: The lie that a villa worth 1.5 billion TL was given as a “bribe” to the company owned by Ekrem İmamoğlu to receive a 500 million TL progress payment from ISKI. Businessman A.N. also confessed to this situation.

TRUTH: This allegation is doomed to collapse both mathematically and logically. According to this logic, A.N. claims to have paid a bribe worth 1.5 billion TL to collect a receivable of 500 million TL. This is contrary to basic economic logic, let alone commercial sense. This contradiction, completely detached from any legal basis, alone eliminates the credibility of the allegation.

Moreover, ISKI has clearly announced to the public in its previous official statements that there is no contract, tender, payment, or commercial relationship with Ekrem İmamoğlu or İmamoğlu İnşaat A.Ş.

There is not a single penny of transfer to the alleged individuals or companies in ISKI’s payment records.

Therefore, there is neither a 500 million TL receivable nor any concrete document to support the 1.5 billion TL bribery allegation. This is a politically motivated perception operation that can be debunked even with a simple calculation.

THE UNREGISTERED MONEY LIE

LIE: The lie that it was determined that a total of approximately 215 million TL in unregistered money transfers were made from the Istanbul Water and Sewerage Administration (ISKI) bank accounts between 2020-2024.

TRUTH: No work was given to the mentioned company during the Ekrem İmamoğlu period. The payments made are progress payments related to work from the AK Party period. And all of them are legal. ISKI is a public institution. It is regularly subject to Court of Accounts audits. The necessary documents have been submitted to the civil inspectors.

The allegations are based on manipulative interpretations, not documents.

Notary-approved share transfer agreements, payment plans, and title deed commitments between the parties have been clearly recorded, and no public resources or institutions have been harmed in this process.

The “3 villas in Emirgan” mentioned in the allegations do not match the property records in the documents. An attempt was made to create a perception by using unrealistic definitions.

Regarding the black propaganda process carried out over the “villa” allegations in Sarıyer, Ekrem İmamoğlu’s lawyer Mehmet Pehlivan had previously made the following statements:

The “villa” issue, which was placed at the center of the investigation, was never officially asked to Ekrem İmamoğlu, and this allegation was not brought up with even a single question in his 121-page testimony. Despite this, a perception has been created in the public as if the entire file was based on this.

The allegation circulating in the public is: “İmamoğlu bought 3 villas worth 150 million TL belonging to A.N. for only 15 million TL.”

However, the facts are proven by documents:

İmamoğlu İnşaat did not buy the villas, but the company named Güllüce Tarım A.Ş., which owns the villas.

The company was purchased for 48 million TL with a notary-approved contract, and the 87 million TL debt belonging to the company was also assumed by İmamoğlu İnşaat.

The total liability is 135 million TL.

Payments were made in the form of 15 million TL in cash, 33 million TL in property transfers, and installments determined by a mediation agreement for the remaining debt.

This information has been supported by the criminal complaint and documents submitted to the Istanbul Chief Public Prosecutor’s Office on March 17, 2025.

The alleged 3rd villa does not belong to A.N. This property is a real estate belonging to two people who are not the subject of the investigation.

It was purchased by İmamoğlu İnşaat in 2019 by taking out a loan of 3+3 million TL, and the entire amount was paid with bank loans and checks.

MASAK could not see or ignored these payment documents.

All legal processes of the company owned by Ekrem İmamoğlu are carried out by his lawyers and professional managers, and every payment and transaction has been made in a notary-approved manner and is open to tax audit."

News Source: 12punto