Seçil Erzan's fraud confession to Ali Yörük: 'We are transferring the money from there to here'

Müslim SARIYAR / 12punto.com.tr

A scandalous audio recording of banker Seçil Erzan, who defrauded many business people and footballers with a fictitious fund she created, has emerged.

Erzan is heard explaining in detail how she carried out the fraud to Ali Yörük, who is alleged to have been her bagman and whose name also appears in MASAK reports.

12punto.com.tr has obtained the conversation between Seçil Erzan and Ali Yörük:

Seçil Erzan: I have a problem with Selçuk. He got into those stupid Russians' thing, that foreign fund. We can't liquidate the Russians either. Because of the Russia-Ukraine war, an embargo was imposed. So, there's no problem.

Ali Yörük: OK.

Seçil Erzan: The money is sitting there. But they put a block on the accounts. Do you know what we are doing? Let me explain it to you; for example, you have a return coming up. I have a return coming up. There is over a hundred million in money there. To get them out of there, we are entering leverage into the balance sheet of our Denizbank here, via Emirates. We are transferring the money from there to here. It takes 3 days, think of it this way: to get 1 million out, we open a 10 million TL limit from here.

To get 3 million out, we open a 12 million limit. But to open a 12 million limit, you need to put some money in there because the kid can't just open it as he pleases; it needs to be processed. I mean, the war broke out, right? For the funds you bought, for example, the Russian funds, our bonds in the bank's balance sheet remaining from Sberbank are already earning there. You know, Denizbank sold the bank.

There was a balance sheet value, and based on that balance sheet value, when you sell it, they sold it for how many times the amount? It becomes 3 times that. That's the event, that's the story. They are doing swaps in foreign markets, but the war broke out...

Seçil Erzan continues her conversation with these words:

"They put a block on the entire balance sheet of the Russians. Now what are we going to do? I went crazy, of course. I mean, I have the responsibility of a lot of people. Selçuk said, 'Just stay calm.' The war will end, it didn't end.

Negotiations and whatnot. I couldn't wait for the war to end. People would kill me. After that, what are we going to do? On the Denizbank side, our current bank's balance sheet is in the Emirates group, and the Emirates' balance sheets ended on March 31, 2023. We are opening a limit there.

We are entering leverage. We are entering debt to the other side from the general ledger accounts as if we had a receivable in our old balance sheet, we are transferring it to those memorandum accounts. But do you know how, Ali? How difficult it is. My life is over! Under normal conditions, when we press the button for the account, the money comes out in 2 days. It comes out in 2 days, Ali. They put a block on all of these Russians' accounts.

How are we going to get it out? We will wait. We are pulling a limit from here, and we need to put money into the limit we pulled. I am putting money here now, I am transferring it from the other side, but to transfer 10 million TL from the other side, a 10 million limit is required from here. Because our money is higher..."

Ali Yörük addresses Seçil Erzan as 'my manager' and says, "Dreams are big, money is zero. I have debt. I will come this evening."

Seçil Erzan replies, "We will handle your debt. Don't come this evening. I will call you."

WHAT HAPPENED?

A prison sentence of 226 years was requested for banker Seçil Erzan on the grounds that she defrauded 18 people, including Arda Turan, Emre Belözoğlu, Fernando Muslera, Volkan Bahçekapılı, and Selçuk İnan.