Allegation of foreign money traffic in fund investigation: The line stretching from Switzerland to Dubai is being examined

New allegations have come to the fore regarding the fund investigation carried out by the Istanbul Chief Public Prosecutor's Office.

Sabah writer Dilek Güngör claimed in her column that the investigation has expanded to fund and share transactions in Turkey as well as money and asset movements abroad.

According to Güngör, a document regarding suspicious share movements allegedly carried out before the liquidation was included in the investigation file.

COMPASS-LINKED FOREIGN TRANSFERS ARE BEING EXAMINED

Güngör claimed that Pusula Portföy Chairman Muhammed Yarız and Pusula Holding Chairman Serdar Turhan transferred billions of liras to Luxembourg and Switzerland.

According to the article, some of the shares were transferred to Luxembourg-based Edmond De Rothschild (Europe) S.A.

In another transaction, Leopard Family Office W.L.L., based in Manama, the capital of Bahrain. It was claimed that the instructions were given with the signature of General Manager Izzel Barokas.

It was claimed that Şaban Serkan İlaldı, one of the suspects of the investigation, made a transfer from his account in Pusula to another account.

Güngör pointed out that the transactions in question took place before September 15-16, 2026, when the funds defaulted on their return payments.

LONDON, DUBAI AND THE VIRGIN ISLANDS IN THE TERA CONNECTION

Tera-related foreign companies were also brought to the agenda in Güngör's article.

According to the article, the Tezmen family's UK-based company, Gildencrest Capital, was founded in 2011. It was stated that the previous name of the company was Tera Europe Limited, and that it was renamed Gildencrest at the end of 2024.

Güngör wrote that the company will focus on stock transactions starting from 2024 and that the transaction volume has increased more than five times after this date.

Stating that Gildencrest has investments in the shares of various Tera-related companies in Turkey, Güngör also stated that the company stated that it has no commercial relations with the funds subject to the investigation.

However, it was claimed that the company management included people working in various companies of Tera.

HE DRAW ATTENTION TO EMRE TEZMEN'S SEPARATION DATE

Güngör wrote that the date Emre Tezmen left Gildencrest was also noteworthy.

According to records in England, it was stated that Tezmen left the company on August 26, a few days before the CMB's fund regulation was published.

Güngör evaluated this timing as one of the notable topics in terms of the investigation.

THE MAIN SHAREHOLDER IS THE VIRGIN ISLANDS

Güngör wrote that the main shareholder of England-based Gildencrest is Cynelic Investments Limited, registered in the British Virgin Islands.

While it was stated that the previous name of the company was Tera Financial Holdings Limited, Güngör claimed that money was transferred from Gildencrest to Cynelic Investments Limited under the name of "dividend payments", based on the information he said he obtained from open sources.

In the article, it was stated that Gildencrest also has an extension in Dubai, and the name of Gül Ayşe Çolak, one of the partners of Tera Yatırım and a suspect in the fund investigation, was mentioned there.

PROSECUTOR'S OFFICE IS INVESTIGATING OVERSEAS MONEY TRAFFIC

According to Güngör, the prosecutor's office examined the money movements of the individuals and companies subject to the investigation on the Switzerland-Luxembourg-Dubai-London line.

While it was stated that an attempt was made to identify the money and assets allegedly transferred to offshore centers, it was claimed that the investigation focused on the timing of money and share movements abroad.

Thus, in addition to the transactions carried out in Turkey in the fund investigation, international money and asset movements allegedly linked to the individuals and companies subject to the investigation became one of the important topics of the investigation.