Within the scope of the illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office, it was determined that Papara Electronic Money Inc. has become an important tool in the financing of illegal betting and gambling crimes. Since the activities of the organization pose a risk to the security of payments, a simultaneous detention, search and seizure operation was carried out against 13 suspects at around 05:00 this morning.
Within the scope of the investigation, a confiscation order was applied to numerous properties belonging to the organization's leader and members, mainly PPR Holding Anonim Company, including 8 companies, 1 yacht, 5 boats, 3 rental safes, 74 vehicles, 7 apartments and villas.
By the decision of the Istanbul Duty Justice of the Peace, the SDIF (Deposit Insurance Fund) was appointed as the trustee (temporary administrator) for PPR Holding Inc. and other companies.
The investigation is ongoing.
