Trustee had been appointed in illegal betting investigation! What will happen to the blocked Papara accounts?
Papara, for which a TMSF trustee was appointed as part of an illegal betting investigation, has issued a statement regarding the blocks applied to certain accounts. It was reported that the blocks on accounts unrelated to the investigation will be lifted gradually, while suspicious accounts will be reported to the relevant institutions.
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Thirteen suspects, including the company's owner Ahmed Faruk Karslı, were arrested on allegations that Papara Elektronik Para AŞ facilitated the commission of the crime of "illegal betting." It was reported that the Savings Deposit Insurance Fund (TMSF) has been appointed as a trustee for 8 companies belonging to the organization's leader and members.
In a statement made by Papara, it was noted: "As a financial payment institution, Papara Elektronik Para A.Ş. is responsible for ensuring the secure operation of the system and for detecting and reporting illegal transactions to the relevant institutions in accordance with the relevant legislation, primarily the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions and the Law No. 5549 on Prevention of Laundering Proceeds of Crime. As is known, within the scope of the illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office, the Savings Deposit Insurance Fund (TMSF) has been appointed as a trustee to our Company and a new Board of Directors has been formed. Within the scope of the aforementioned investigation, limits were first imposed on our Company's transactions by the Central Bank of the Republic of Turkey (TCMB), to which we are subject, in order to detect suspicious transactions. Simultaneously, temporary blocks were applied to some accounts identified as suspicious within the scope of examinations conducted by the new Management under the instruction and coordination of the Financial Crimes Investigation Board (MASAK).
"WILL BE LIFTED GRADUALLY"
Accounts that have been temporarily blocked are being examined in detail, and the blocks on accounts determined not to be related to the subject of the investigation will be lifted gradually, while suspicious accounts will be reported to the relevant institutions within the scope of the legislation. In this process, which is carried out under the coordination and supervision of state institutions, maximum care is being taken to ensure that no abuse is tolerated while also ensuring that no user is victimized. We are working intensively to complete the process as soon as possible and to ensure that all our users can access financial services without interruption. We will continue to share developments transparently," the statement read.
