Prosecutors Seize Five Luxury Villas Worth $24M in Fund Probe
Properties in Beykoz Acarkent linked to Pusula executives Muhammed Yarız and Serdar Turhan were transferred to third parties to conceal assets.
KEY POINTS
- Five villas in Beykoz Acarkent seized, total value ~1.2 billion TL ($23–24.5M)
- Linked to Pusula executives Muhammed Yarız and Serdar Turhan
- Properties registered under third parties to obscure ownership
- MASAK reports cite suspicious transfers and rapid property flips
- Several villas found empty and under renovation during raids
Istanbul prosecutors seized five luxury villas in the Beykoz Acarkent compound valued at approximately 1.2 billion Turkish lira ($23–24.5 million) as part of an investigation into capital markets crimes and money laundering. The properties are allegedly connected to Pusula Portfolio Management Board Chairman Muhammed Yarız and Pusula owner Serdar Turhan but were registered under third-party names.
The Financial Crimes Investigation Board (MASAK) reports flagged high-value third-party transfers, overseas remittances, and recent real estate sales as suspicious asset-stripping maneuvers. Investigators are examining title deed histories and past ownership changes to trace the flow of illicit proceeds.
“High-value third-party transfers, overseas remittances, and recent real estate sales create strong suspicion of asset stripping.”
Title records show one villa was acquired by Yarız from Mehmet Bozdağ on February 27, 2026, then transferred to Bolkan Bekçi on September 9. Another was purchased by Enis Bulut from Serdar Arslaner on December 17, 2025. A third was bought by Ömer Bedir Çetinel from Efes International Shipping on December 25, 2025, while a fourth was acquired by Pusula Invest Real Estate from Yeliz Işık on August 6, 2025.
Police teams from the Financial Crimes Unit inspected the villas and found several units vacant and undergoing renovation. No residents or furnishings were discovered in multiple properties, supporting suspicions they were held purely for asset concealment.
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