Turkish state fund takes control of Ahbap-affiliated entities amid probe
(AA)
The Savings Deposit Insurance Fund (TMSF) has been appointed as a receiver for economic entities and companies affiliated with the Ahbap Association, following an investigation by the Istanbul Chief Public Prosecutor’s Office.
In a separate order regarding the association, three individuals were directly appointed by the court as administrative receivers.
The direct management of the association and the management of its affiliated companies will be carried out through separate trustee structures.
