Why was Flash TV seized? Will Flash TV shut down?

In an illegal betting investigation conducted by the Organized Crime Investigation Bureau, 59 people, including Flash TV owner Erkan Kork, were detained. The dawn operation, carried out simultaneously against the suspects, is considered a significant turning point in the fight against illegal activities in the financial sector. So, has Flash TV been shut down? Why was Flash TV seized? Here are the details...

WHY WAS IT SEIZED?

A total of 23 companies were seized as part of the operation. Among these, the most notable were BankPozitif, Payfix Payment Institution, and Flash TV. Investigation officials stated that the financial value of the seized assets reached 6 billion 900 million Turkish Lira. In a statement made by the Chief Public Prosecutor's Office, it was stated that 17 residences, 9 plots of land, 1 office, 13 vehicles, personal accounts, cryptocurrency wallets, 23 companies, and a total of 114 vehicles belonging to these companies were seized.

HAS FLASH TV BEEN SHUT DOWN?

The large-scale illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office has been an operation with significant impacts on the finance and media sectors. According to the report by Ceylan Sever of Habertürk, Erkan Kork, the owner of Pozitifbank, Payfix Payment Institution, and Flash TV, was included in the investigation on charges of "establishing an organization for the purpose of committing crimes," "laundering assets derived from crime," and "violating Law No. 7258."

The closure of Flash TV during the investigation process caused widespread repercussions in the media world. The operation against these companies, which are linked to an illegal betting traffic of 6 billion 900 million TL, created significant activity in the financial sector.

Authorities stated that the operation aimed to prevent the laundering of illegal betting proceeds. While the financial transactions of the suspects are being meticulously examined, questions have arisen regarding the broadcasting rights of Flash TV and the future of the Payfix Payment Institution.

On the other hand, it was stated that the documents and digital materials seized during the operation are still being examined. The closure of Flash TV and the termination of Payfix's operations are considered part of efforts to stop illegal financial flows.

News Source: 12punto