Financial fraud operation in Istanbul: Detention warrants issued for 43 people

In an investigation conducted by the Istanbul Chief Public Prosecutor's Office, it was determined that 6 billion 971 million liras worth of fake invoices were issued through fictitious trade between 2020 and 2021.

As a result of these irregularities, it was determined that 69 million 552 thousand liras in public losses were incurred through the receipt of unlawful VAT refunds. The investigation revealed that financial advisors and company executives acted in an organized manner.

Within the scope of the investigation, it was determined that the fake invoices were recorded as expenses in the companies' legal books and that unlawful VAT refunds were obtained in this way.

Furthermore, it was determined that the proceeds of the crime were attempted to be legitimized by being integrated into the economic system. In this process, it was revealed that the money was returned to companies or individuals under the guise of commercial activity through fake invoices.

Within the framework of the operation, detention warrants were issued for a total of 43 people, including 1 certified public accountant, 25 financial advisors, 6 organization leaders, as well as executives and partners of Demir Grup Şirketleri, Cavıtech Denizcilik A.Ş., and Ses Taahhüt İnşaat A.Ş. Additionally, the assets of these individuals and companies have been seized.

News Source: 12punto