ISTANBUL (Reuters) -Turkish Super Lig club Kasimpasa was placed under state trusteeship on Wednesday after prosecutors issued an arrest warrant for its owner in a widening fraud and money-laundering probe.
The move came days after prosecutors ordered owner Turgay Ciner's detention on charges including money laundering, fraud and forming a criminal organisation. He remains abroad and has not been detained.
Several of his companies, including Park Holding and Silopi Electric, were also placed under the control of the state deposit insurance fund (TMSF).
Ciner, a prominent businessman with interests in mining, energy, glass and media, has not commented publicly on the case.
Reuters was unabletoreach him.
Kasimpasa, based in Istanbul, have collected eight points from seven matches this season and sit 11th in the standings. They are best known as the boyhood team of Turkey President Tayyip Erdogan.
The investigation stems from Can Holding’s purchase of broadcasters including Haberturk, Show TV and Bloomberg HT from Ciner Group in December 2024. Prosecutors say the sale involved "strong suspicions" of laundering illicit funds.
In September, authorities seized more than 120 Can Holding affiliates and detained 10 executives, five of whom were later arrested. Can Holding chairman Kemal Can was also detained and jailed on September 25.
(Reporting by Ece Toksabay; Editing by Daren Butler and Ed Osmond)
