The operating license of Trpos Payment Organization Inc. was revoked due to allegations of illegal betting and criminal asset laundering.
Quick Look
- Within the scope of the investigation carried out by the Istanbul Chief Public Prosecutor's Office, an operation was carried out in 4 provinces on allegations of illegal betting and criminal asset laundering against Trpos Payment Organization Inc., and 24 suspects were detained.
- The company's operating license was canceled and 57 assets worth 247 million lira were seized.
AI-generated summary
Why It Matters
Trpos Payment Organization Inc. had received an operating permit within the scope of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions dated 20/6/2013 and numbered 6493.
24 suspects were detained in the operation carried out in 4 provinces centered in Istanbul, within the scope of the investigation carried out against Trpos Payment Organization Inc. on the allegation of illegal betting and laundering of assets resulting from crime.
In the statement, it was stated that 24 suspects were caught during the operation and that efforts to capture 3 suspects were continuing. Since it was determined that the mentioned crimes were being committed within the scope of the company's activities, it was stated that the Savings Deposit Insurance Fund (TMSF) was appointed as trustee to the management of Trpos Payment Enterprises Inc., by the decision of the Istanbul Criminal Court of Peace on Duty.
In the statement made by the Istanbul Chief Public Prosecutor's Office, it was stated that within the scope of the investigation, 245 bank and crypto accounts belonging to the suspects were blocked, a total of 57 assets were seized, including 18 residences, 14 vehicles, 16 fields/vineyards, 7 plots and 2 commercial real estate, and the approximate market value of the seized assets was estimated to be 247 million lira.
In the notification published in the Official Gazette, it was decided to cancel the operating license of TRPOS Payment Institution.
The following statements were included in the communiqué:
"TRPOS Payment Organization Inc.'s permission to operate as a payment institution, granted by our Bank's Decision dated 29/9/2023 and numbered 11506/21105, within the scope of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (Law) dated 20/6/2013 and numbered 6493, has been canceled in accordance with the first paragraph (c) of Article 16 of the Law. It was decided to do so."
What to Watch
AI outlook — possibilities, not facts
Additional suspects may be detained and a lawsuit may be filed within the scope of the investigation.
Likely · Within weeks
Open Questions
- Are there any employees or managers of Trpos Payment Enterprises Inc. among the 24 suspects taken into custody?
- Who owns the blocked bank and crypto accounts?
- Who are the owners of the 57 seized assets and how were they identified?
- Is the investigation still ongoing and are additional arrests expected?
