Prominent businessman İnan Kıraç disowns his daughter, alleging she attempted to seize his assets

Businessman İnan Kıraç has announced that he has disowned his daughter, İpek Kıraç, alleging that she attempted to seize his assets.

İnan Kıraç stated that he would donate his entire fortune to children in need of education through a foundation he intends to establish.

Businessman İnan Kıraç had filed a lawsuit against his daughter, İpek Kıraç, regarding the inheritance of his late wife, Suna Kıraç, the daughter of Koç Holding founder Vehbi Koç, who passed away in 2020.

Kıraç had requested an injunction on the 20.13 percent stake in Temel Ticaret ve Yatırım AŞ that passed to his daughter, İpek Kıraç, through the will of his wife, Suna Kıraç. Furthermore, he had demanded that 25 percent of the shares that passed into his daughter İpek Kıraç's ownership be granted to him in accordance with the Civil Code.

İpek Kıraç, on the other hand, had claimed that her father, İnan Kıraç, had irregularly transferred hundreds of millions of dollars from an account belonging to the late Suna Kıraç, the daughter of Vehbi Koç, and had sold a portion of his Koç Holding shares for 600 million TL, and she had requested an injunction on her father's assets. Upon İpek Kıraç's request, the court decided to place a precautionary injunction on the shares of the Karsan company belonging to İnan Kıraç.

İnan Kıraç has recently come to the agenda many times through various events.

The name of İnan Kıraç, who held senior management positions at Koç Holding for many years, appeared in the records of the testimony given to US prosecutors by Sezgin Baran Korkmaz, who was tried in the US on charges of money laundering.

Crime syndicate leader Sedat Peker also alleged in videos he filmed last year that the owner of the 45 million dollar debt that SBK Holding owner Sezgin Baran Korkmaz claimed had been erased was, in fact, İnan Kıraç.

According to Peker's claim, İnan Kıraç asked for help from the government to have the debt claimed by Sezgin Baran Korkmaz erased; Korkmaz was summoned to the Ministry of Interior, and after being informed, he was allowed to flee abroad. During this time, Korkmaz's debt was erased, and the shares of SBK Holding, which held a 45 percent stake in Kıraça Holding via the Luxembourg-based company Silcolux and a 28.56 percent stake in Karsan via Kıraça Holding, were transferred.

Kıraç's name was previously mentioned in the 2016 Panama Papers and the 2021 Pandora Papers leaks.

The Pandora Papers leaks, which began to be shared with the public on October 3, 2021, consisted of documents from 14 offshore service providers and law firms, including Trident Trust, Alpha, Alcogal, Fidinam, and Asiaciti Trust, used by world leaders, politicians, business people, and artists from all over the world to avoid taxes.

According to the documents, İpek and İnan Kıraç, who worked with different firms providing offshore services such as Morgan & Morgan Trust, Fidinam, and Alcogal, own two companies based in the British Virgin Islands named Key Square Capital Partners Ltd and Key Square Capital Partners II Ltd.

The documents were shared by the International Consortium of Investigative Journalists (ICIJ). More than 600 journalists from 117 countries examined them, revealing the secret offshore secrets of the world's elite.

On the other hand, it has been learned that İnan Kıraç has been in contact with certain media outlets to create a positive impression in the public eye during the legal process in which he is facing his daughter, İpek Kıraç.