Türkiye's famous raki producer was sued

The general assembly decisions of Efe Alcoholic Beverages, one of the first raki factories established by the private sector in Turkey, ended up in court.

It was stated that some partners of the company, which produces in the ITOB Organized Industrial Zone in Izmir Menderes and is headquartered in Istanbul, applied to the judiciary after the general assembly held on October 19.

According to the news of Tekreferans, some of the partners of the company, whose Chairman of the Board is Egemen Demirtaş, filed a lawsuit demanding the cancellation of the decisions taken at the general assembly.

In the case, the cancellation of the company's board of directors activities and financial statements for 2024, as well as the decisions regarding the acquittal of the board of directors, was requested.

It was stated that the general assembly decision regarding dividend distribution and the decisions regarding permission to the members of the board of directors for transactions within the scope of Articles 395 and 396 of the Turkish Commercial Code were also subject to litigation.

In line with the decision of the Izmir 2nd Commercial Court of First Instance dated October 28, it was stated that the first hearing of the case filed requesting the cancellation and nullity of the general assembly meeting will be held on January 20, 2027.

The decision of the court is expected to be decisive in terms of the legal validity of the decisions taken at the company's general assembly.

Efe Rakı was founded with approximately 500 partners under the leadership of Ekrem Demirtaş, former President of the Izmir Chamber of Commerce, and entered the market in 2004.

The production capacity of the factory established in Izmir Menderes was increased from 5 million liters to approximately 14 million liters in a short time, and the company became one of the important manufacturers in the sector.