Latest news with #TRTHaber
Fintech News ME
3 days ago
- Business
- Fintech News ME
Papara Founder Among 13 Detained in Turkish Fintech Crackdown
Turkish authorities have detained 13 individuals as part of an ongoing investigation into fintech company Papara, over allegations of money laundering, illegal betting activities, and the formation of a criminal organisation, Interior Minister Ali Yerlikaya announced on Tuesday (May 27) . According to Reuters, authorities suspect that Papara, an online platform providing money transfers, foreign exchange, and bill payment services to its 21 million users, was facilitating the transfer of illegal betting revenues by allowing users to open accounts for this purpose. State broadcaster TRT Haber reported that those detained include Papara's founder and chairman, Ahmet Faruk Karslı. In response to the investigation, the Savings Deposit Insurance Fund (TMSF) was appointed as trustee to oversee Papara by court order, following reports from the Central Bank of the Republic of Turkey, the Financial Crimes Investigation Board (MASAK), and other relevant bodies. The central bank, which regulates payment service providers, stated on Tuesday that temporary daily transaction limits would be imposed on the platform. 'In this process, which will be carried out in coordination with the relevant institutions, temporary daily limits will be applied to payment transactions at the institution,' the central bank noted. The central bank also sought to reassure users, emphasising that, 'within the scope of the law, the funds of payment service users in payment and electronic money institutions are secured in protection accounts at banks.' Yerlikaya added that the authorities have seized 10 companies, bank accounts, and the assets of the detained individuals. A financial crimes investigation revealed that over 26,000 accounts had been used for illegal online betting activities, with transactions amounting to 12.9 billion lira (approximately US$330 million). Papara, considered one of Turkey's leading fintech firms, has yet to issue a statement regarding the matter. Founded in 2015, the company received its electronic money institution license from Turkey's banking regulator, BDDK, in 2016. It expanded internationally in 2023 through the acquisitions of Pakistan-based SadaPay and Spain-based Rebellion Pay.
Reuters
27-05-2025
- Business
- Reuters
Turkey orders detentions in fintech Papara probe, broadcaster TRT says
ISTANBUL, May 27 (Reuters) - Turkish prosecutors have ordered the detention of 13 people as part of an investigation into fintech company Papara over suspected money laundering, broadcaster TRT Haber reported on Tuesday. Papara did not immediately respond to an emailed request for comment. The TRT Haber report said the company, which provides online money transfers, foreign-exchange transactions and bill-payment services, was being investigated for enabling illegal online betting money transfers. It said prosecutors had ordered the detention of 13 people including the founder and the chairman of the company, adding that trustees had been appointed to manage the firm during the course of the probe.
Jordan News
24-05-2025
- Politics
- Jordan News
In an Unannounced Visit, Erdoğan Receives Al-Sharaa in Istanbu...
اضافة اعلان Turkish President Recep Tayyip Erdoğan held talks on Saturday in Istanbul with Ahmad Al-Sharaa, the Syrian president for the transitional phase, during an unannounced to Turkish media outlets, the meeting was attended by Foreign Minister Hakan Fidan, Defense Minister Yaşar Güler, and National Intelligence Organization (MIT) Chief İbrahim Kalı Turkish state broadcaster TRT Haber published images from the meeting, which took place at the Dolmabahçe Palace. Last April, Al-Sharaa also visited Turkey and participated in the Antalya Diplomacy Erdoğan at the meeting were Foreign Minister Hakan Fidan, Defense Minister Yaşar Güler, Intelligence Chief İbrahim Kalın, and Defense Industries Authority President Haluk Görgü the Syrian Arab News Agency (SANA) reported that the Syrian foreign and defense ministers are scheduled to meet their Turkish counterparts in Turkey to discuss bilateral in February, Erdoğan and Al-Sharaa met for the first time in Turkish Intelligence Chief İbrahim Kalın held discussions in Damascus with Syrian leadership regarding the lifting of sanctions, Israeli attacks, the status of detained terrorists in Syrian prisons, and the return of Syrian visit comes just days after Erdoğan urged the Syrian administration not to delay implementation of the agreement with the Syrian Democratic Forces (SDF) concerning their integration into state institutions, emphasizing that Turkey is closely monitoring this issue. (Source: Sputnik)
LBCI
24-05-2025
- Politics
- LBCI
Erdogan, Syria's Sharaa hold talks in Istanbul: Media reports
Turkish President Tayyip Erdogan was holding talks with Syrian President Ahmed al-Sharaa in Istanbul on Saturday, broadcaster CNN Turk and state media said. State broadcaster TRT Haber published photos of Sharaa shaking hands in Erdogan's offices at the Dolmabahce Palace in Istanbul. No further details were immediately available.
Al Arabiya
23-05-2025
- Politics
- Al Arabiya
Turkey detains 18 in graft crackdown on Istanbul municipality
Turkish police detained 18 employees of Istanbul's municipality on graft charges, state broadcaster TRT Haber said on Tuesday, extending a crackdown on the opposition and the city's jailed mayor, Ekrem Imamoglu. President Tayyip Erdogan's main rival, Imamoglu was jailed in March pending trial on corruption charges, sparking Turkey's largest protests in a decade. Popular support for Imamoglu has since risen further above Erdogan, opinion polls show. Among the latest wave of arrests in an investigation into municipal tenders were staff of the municipality's media and culture companies, including the head of its media department, TRT said. Detention warrants were issued for a total of 22 employees, 18 of whom have so far been arrested, it added. The mayor has denied all charges. His arrest triggered economic turmoil and accusations of a politicized judiciary that the government has rejected, saying the judges are independent.
