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BackCübbeli Ahmet's son-in-law on fundraiser: 'We lost to ourselves'
Cübbeli Ahmet's son-in-law on fundraiser: 'We lost to ourselves'
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Cumhuriyet1 hour agoBusiness1 min readTürkiyeView original

Cübbeli Ahmet's son-in-law on fundraiser: 'We lost to ourselves'

It was stated that Esat Palazoğlu invested in Pusula Portföy's fund called PCS and lost most of his money.

Quick Look

  • It was claimed that Esat Palazoğlu, the son-in-law of Ahmet Mahmut Ünlü, known publicly as Cübbeli Ahmet, was involved as a suspect in a fund investigation.
  • Journalist İsmail Saymaz reported that Palazoğlu made a great profit in the fund, but later lost three-quarters of his principal.

AI-generated summary

Why It Matters

Esat Palazoğlu invested in Pusula Portföy's closed fund called PCS in May.

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It was claimed that Esat Palazoğlu, the son-in-law of Ahmet Mahmut Ünlü, known publicly as Cübbeli Ahmet, was included as a suspect within the scope of the fund investigation.

Journalist İsmail Saymaz stated in his article published in Sözcü newspaper that Palazoğlu deposited a large amount of money into Pusula Portföy's closed fund called PCS in May.

According to Saymaz's report, Palazoğlu's money in the fund increased by three quarters in three months. When Saymaz asked why he made such an investment with the expectation of high profits, Palazoğlu stated that he did not claim that this method of earning was appropriate in terms of religion and gave the following answer:

"I don't claim that it is very suitable in a religious sense. If it is wrong, we are wrong, thank you. But we all do these things. The funds that everyone entered gave us this gain. We can say that we were defeated by our egos. Of course, we did not want it to be like this."

HE WANTED TO WITHDRAW HIS MONEY IN AUGUST

According to Saymaz, Palazoğlu withdrew some money from the fund in July. When he wanted to withdraw money again in August, he was told that there was a shortage of funds and whether it was possible to wait a week or two.

Palazoğlu claimed that he was aggrieved, stating that he had lost three-quarters of his principal as of September 16.

“IF I HAD GOT MONEY, I WOULD PROBABLY BE INSIDE”

Addressing possible allegations that he received prior information about the developments in the fund and therefore withdrew his money, Palazoğlu argued that he did not receive such information.

Palazoğlu's following statements were included in Saymaz's article:

"If I had received money, I would probably be in prison. What would have happened if I had withdrawn this money between September 5-10? They would have said, 'Esat escaped, from whom did you get this information?'"

HIS BROTHER WAS AN EFFECTIVE REPENTANT IN THE İBB CASE

Open Questions

  • What is the scope of the investigation?
  • Who are the other victims in the fund?

Related Topics

This article was originally published by Cumhuriyet.

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