Tera Investment Technology Holding Statement from Retired Rear Admiral Bağcıoğlu

Retired Rear Admiral Yankı Bağcıoğlu made a statement regarding the defense industry investments of Tera Yatırım Teknoloji Holding, which came to the fore within the scope of investigations into the capital markets.

Bağcıoğlu stated that Tera Yatırım Teknoloji Holding took over 70 percent of the shares of BEST Grup Defense Industry on April 3, 2026, and pointed out that the company is involved in critical defense projects.

“IT DEVELOPS CRITICAL DEFENSE SYSTEMS”

Bağcıoğlu used the following statements:

“Tera Yatırım Teknoloji Holding took over 70 percent of the shares of BEST Grup Defense Industry on April 3, 2026.

BEST Group is included in the official 'List of Companies Committed to the Presidency of Defense Industries'.

Company; It develops and produces critical defense systems, from vehicle armoring systems to remote-controlled weapon systems, from unmanned ground vehicles to remote-controlled armored work machines.

TOSUN remote-controlled armored construction machine was developed within the scope of a project initiated under the leadership of the Presidency of Defense Industries (SSB); "FEDAİ unmanned ground vehicle was one of the four domestic vehicles selected in SSB's IKA project."

Reminding that he had previously made similar warnings through Özata Tersanecilik, Bağcıoğlu argued that the developments regarding Tera Holding should also be evaluated from the perspective of the defense industry.

Bağcıoğlu said, "The issue also concerns the financial and institutional reliability and supply security of our defense industry."

FOUR QUESTIONS TO SSB

Bağcıoğlu listed the issues he wanted to be clarified by the Presidency of Defense Industries with four questions:

“– Is the financial and corporate reliability of critical defense companies regularly audited?

– Financing sources, partnership structures and final beneficiaries are examined; Are management, partnership and control changes followed?

– Are there early warning mechanisms to detect the impact of legal or financial problems on critical defense projects?

– Are alternative contractor and supply plans ready against financial, technical, calendar and supply risks in critical projects?

“GNAT NATIONAL DEFENSE COMMISSION SHOULD BE INFORMED”

Stating that SSB's inspections and evaluations should not be limited to only the companies on the agenda, Bağcıoğlu said that the main contractors, business partners and subcontractors involved in critical defense projects should also be evaluated financially and institutionally.

Bağcıoğlu completed his statement as follows:

“The Presidency of Defense Industries should evaluate not only the companies on the agenda today, but also the main contractors, business partners and subcontractors involved in critical defense projects, in terms of these criteria, and inform the National Defense Commission of the Grand National Assembly of Turkey about the risks identified and the measures taken.

Technical competence alone is not sufficient in the defense industry. Financial and institutional reliability and supply security are also part of national security. It is not enough to intervene after the problem occurs; Risk must be anticipated and managed. "The reliability and reputation of our national defense industry is above all discussions."