Jewelry store chain, Istanbul company seized over alleged Gülen links

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(Photo:TurkeyPurge)

Two more companies have been seized as part of an investigation into the faith-based Gülen movement, which the Turkish government accuses of masterminding a failed coup in Turkey on July 15, 2016.

A panel of trustees was appointed to Ikizler Kuyumculuk, a jewelry store chain in Tekirdag province, as well as another company in Istanbul as part of a seizure order for the assets of two businessmen, identified only as K.Ö. and K.G.

Arrest warrants were issued for nine businessmen including K.Ö. and K.G. who are accused of having provided financial support to the Gülen group.

Six of the suspects have been detained, while K.Ö. is reported to be abroad.

The government has detained more than 160,000 people and jailed some 60,000 since the summer of 2016.

Meanwhile, more than 1,000 companies with a total value of $12 billion in assets have been seized and then transferred to the state-run Savings Deposit Insurance Fund (TMSF) since the coup attempt. The companies were mostly targeted as part of the government crackdown on the movement.

The Gülen group denies involvement in the coup attempt.

(Turkey Purge)

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