Tayfun Demirören arrested

Demirören Holding Board Member Tayfun Demirören was arrested this evening. Tayfun Demirören, who faced financial difficulties due to a real estate project he developed in Germany, incurred significant debts both abroad and domestically because he could not complete the project.

It is stated that Demirören's total debt amount exceeds 250 million Euros.

ARRESTED DUE TO UNPAID CHECKS

According to the report by Dinçer Gökçe from Halktv.com.tr, Tayfun Demirören's arrest this evening stemmed from 2 unpaid checks. One of the checks is for 47 million 700 thousand TL, and the other is for 22 million 770 thousand TL. The creditor for one of these checks is Orhan Veli Çaycı, and the other is Fatma Burcu Cesur.

These 2 checks belonging to Tayfun Demirören's company could not be paid. The decision rendered by the Enforcement Criminal Court has become final. Following the finalization, an arrest warrant was issued for Demirören.

SENT TO SILIVRI

Demirören was detained at Istanbul Airport, where he had gone. Demirören was brought to the Istanbul Courthouse and informed of his arrest. Demirören was sent to Marmara (Silivri) Prison.

STATEMENT FROM DEMIRÖREN GROUP

Demirören Investment Holding issued a statement regarding the matter. The statement noted the following:

Our Board Member, Mr. Tayfun Demirören, has been arrested in connection with a matter arising from his commercial activities at his personal company, “Mikare Real Estate.” The company in question belongs to Mr. Tayfun Demirören personally. He is also responsible for all investments and debts related to this company.

Demirören Investment Holding has no connection to or debt related to the commercial activities that are the subject of the case.

It was announced to the public via our press release published on January 3, 2024, that there is no connection between the company belonging to Mr. Tayfun Demirören and Demirören Investment Holding.

The development regarding Mr. Tayfun Demirören has caused great sadness at Demirören Investment Holding.

We have full faith that this matter, which has been referred to the supreme Turkish judiciary, will be concluded fairly.