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BackPusula Portfolio President Muhammed Yarız's super luxury yacht was spotted
Pusula Portfolio President Muhammed Yarız's super luxury yacht was spotted
Developing
Cumhuriyet2 hours agoCrime1 min readTürkiyeView original

Pusula Portfolio President Muhammed Yarız's super luxury yacht was spotted

Quick Look

  • The super luxury yacht 'Loretta' of 28-year-old Muhammed Yarız, Chairman of Pusula Portföy, who was arrested within the scope of the fund investigation carried out by the Istanbul Chief Public Prosecutor's Office, was seen.
  • It was determined that he sent 25 million euros to an account in Switzerland.
  • İyi Party Group Deputy Chairman Turhan Çömez shared a video criticizing Yarız's relations with the AKP and his luxurious life.

AI-generated summary

Why It Matters

A fund investigation is being carried out by the Istanbul Chief Public Prosecutor's Office and Pusula Portföy Chairman Muhammed Yarız has been arrested.

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The super luxury yacht of 28-year-old Muhammed Yarız, Chairman of Pusula Portföy, who was arrested within the scope of the fund investigation carried out by the Istanbul Chief Public Prosecutor's Office, was seen.

One of the striking details about the assets of Yarız, who was recently found to have sent 25 million euros to an account in Switzerland within the scope of the investigation, was his super luxury yacht "Loretta".

"THE GLORIOUS LIFE OF AKP'S BRIGHT YOUNG"

İYİ Party Group Deputy Chairman and Balıkesir Deputy Turhan Çömez shared a promotional video of the super luxury yacht produced by Benetti.

Çömez stated the following about Yarız in his post:

"He was a board member of the AKP Istanbul Youth Branch. He was either temporarily banned from trading or fined every year since 2020 for his "market disruptive" actions. Despite this record, he was made Chairman of the Board of Directors of Pusula Portföy. And then the big robbery began. While hundreds of billions of liras of hundreds of thousands of small investors were poured into the pockets of fund gangs through manipulations, he received one of the largest shares.

The 28-year-old bright child of AKP allocated some of the billions of liras he earned to his luxurious life. 3 months ago, he bought one of the most luxurious yachts in the world by paying 750 million TL. He also added a speedboat, spending tens of millions of lira, to satisfy his taste for speed.

"While 5.5 million young people of this country are waiting helplessly at home, having lost hope for a job or food, AKP's bright young man Muhammed Yarız and those behind him are living a luxurious, glittering and gaudy life."

What to Watch

AI outlook — possibilities, not facts

  • New arrests and statements will be made in the fund investigation

    Likely · Within weeks

Open Questions

  • Who are the other detainees in the fund investigation?
  • What are the details about the transfer of 25 million euros to the Swiss account?
  • How were Yarız's relations with AKP proven?

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This article was originally published by Cumhuriyet.

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