The seizure of all companies of the CAN HOLDING Holding Company, including large media and schools, was ordered by the Istanbul Public Prosecutor’s Office, in the context of money laundering, tax evasion and.
Can Holding owns the big Haberturk, Show TV and Bloomberg HT, which it acquired from the Turkish Ciner in late 2024 and which generally have a friendly stance towards the government. Can also holds Bilgi University in Constantinople and the Doga Koleji Private School franchise, according to its website.
For organized crime the company owners are charged
The Istanbul Kyoutsukmeza prosecution said in a statement that Can Holding and its owners used their companies to transfer illegal money and falsify documents. He said the owners of Can Holding, Mehmet Sakir Jan and Kemal Jan had set up an organized crime circuit.
He said Turkey’s Financial Crimes Investigation Unit inspected Can Holding’s documents and accounts, finding illegal funds, tax evasion, while funding activities through dirty money.
“As part of the operation, 121 companies were seized, TMSF was appointed as an administrator and issued detention warrants for 10 suspects,” Turkey’s TMSFs said.
TMSF stated that its priority during this period was to protect the rights of employees and third parties and to ensure the smooth operation of businesses. He said that all companies under its management will operate in accordance with the legal requirements.
Can Holding also holds shares in the Tekfen Holding construction group. Tefken’s shares declined by 8.3% in Constantinople at the beginning of transactions.
In a note to the Stock Exchange, Tekfen Holding reported that Can Holding entities have a total share of 17.56% in Tekfen. He also said that no judicial measures have been taken against these shares or the Tekfen corporate entity.
