Management of Bank Pozitif transferred to TMSF
As part of an investigation into illegal betting in Turkey, the Banking Regulation and Supervision Agency (BDDK) has announced that the management of Bank Pozitif has been transferred to the Savings Deposit Insurance Fund (TMSF).
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Turkey is talking about the illegal betting investigation. A new decision has been made regarding Pozitifbank, which was seized as part of the investigation. The Banking Regulation and Supervision Agency (BDDK) announced that the management of Bank Pozitif has been transferred to the TMSF.
In a statement issued by the Banking Regulation and Supervision Agency (BDDK), it was stated:
"With the BDDK decision dated 17.03.2025 and numbered 11176; as a result of the evaluations made within the scope of the investigation conducted by judicial authorities regarding Pay Fix Elektronik Para ve Ödeme Hizmetleri A.Ş., a qualified shareholder of Bankpozitif Kredi ve Kalkınma Bankası A.Ş. (the Bank), it has been decided that, pursuant to the fifth paragraph of Article 18 of the Banking Law No. 5411, the shareholder rights, excluding dividends, regarding the 79% stake in the Bank owned by Pay Fix Elektronik Para ve Ödeme Hizmetleri A.Ş. shall be exercised by the Savings Deposit Insurance Fund."
WHAT HAPPENED?
In the investigation conducted by the Istanbul Chief Public Prosecutor's Office, it was determined that Erkan Kork, the owner and official of the payment institution named "Payfix," had integrated illegal betting panels into the Payfix financial software system using software within this firm since 2014, thereby enabling many foreign-based virtual betting sites to operate in Turkey.
Within the scope of the investigation into the crime of "laundering assets derived from crime," it was determined that the suspects acted in a relationship of trust with each other to manage "Payfix," purchased "PozitifBank," and also laundered the proceeds of the crime and obtained illicit gains by establishing many commercial companies or taking over existing ones, such as "Capital Türk Holding," as well as the "Ay para ödeme kuruluşu," "Ininal Ödeme," and "Elektronik Para Hizmetleri AŞ" companies.
It was also decided to seize the television channel named "Flash Haber TV," which is part of Göktuğ Multimedya Yayıncılık Anonim Şirketi, allegedly owned by Erkan Kork, who is claimed to be the leader of the organization, along with the company it is affiliated with.