Shocking details emerge in the Sezgin Baran Korkmaz investigation! A 35 million euro heist...

An important stage has been reached in the Paramount Hotel investigation conducted by the Istanbul Chief Public Prosecutor's Office's Bureau of Investigation for Smuggling, Narcotics, and Economic Crimes. On October 16, detention, search, and seizure warrants were issued for a total of 7 people, including Sezgin Baran Korkmaz and businessman Cihan Ekşioğlu.

A LONG LIST

The investigation conducted by the Chief Public Prosecutor's Office continues under the charges of "establishing an organization for the purpose of committing crimes," "usury," and "laundering assets derived from crime." The Savings Deposit Insurance Fund (TMSF) has been appointed as a trustee for the Paramount Hotel and related companies.

ALLEGED 35 MILLION EURO ILLICIT GAIN

According to a report by the pro-government newspaper Sabah, it is claimed that SBK Holding and UNICO Sigorta obtained 35 million euros in illicit gains by taking over the "usufruct rights" of a 75,000-square-meter tourism plot in Torba, Bodrum.

The investigation file states that the incident began at the end of 2019 when Ufuk Turizm İşletmeleri Sanayi ve Ticaret A.Ş. fell into financial distress. It was noted that the company received a high-interest loan of 25 million euros from Sezgin Baran Korkmaz and pledged the aforementioned tourism land as collateral in return.

INTEREST-BEARING DEBT DOUBLED IN A SHORT TIME

It was stated that the debt provided by UNICO Sigorta doubled in a short time, and that documents demanded both a 35 million euro cash payment and an additional 35 million euro commitment through the "usufruct right" of a hotel. Thus, it was indicated that a total return of 60 million euros was targeted.

ALLEGATION OF CONCEALING USURY

According to investigation documents, it was determined that four checks totaling 10 million euros were issued to create the impression that "repayment was being made," but no actual payment took place. The prosecutor's office assessed that these transactions were intended to conceal the crime of usury.

TRANSFERS BETWEEN COMPANIES AND COMPLAINTS

According to the allegations, UNICO Sigorta transferred the "usufruct right" it obtained to the companies Bodrum Otel İşletmeleri A.Ş., Free Petrol Ürün Paz. Tic. Ltd. Şti., META Solution GmbH (Australia), and WL Hospitality Inc. (USA), respectively. It was claimed that these transfers were made without the knowledge of Ufuk Turizm.

A complaint was also filed with the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) against UNICO Sigorta on the grounds that it was engaged in tourism and real estate activities in violation of insurance legislation. The victim company requested the appointment of a trustee to prevent the transfer of the property and to protect ownership.

DETENTION AND SEIZURE DECISIONS

Within the framework of the investigation, detention warrants were issued for a large number of people, including Sezgin Baran Korkmaz and Cihan Ekşioğlu, as well as UNICO Sigorta executives.

News Source: 12punto