Asset restrictions imposed on Astor Enerji boss Feridun Geçgel and numerous others

Within the framework of the money laundering and Capital Markets Law violation investigation conducted by the Istanbul Chief Public Prosecutor's Office, restrictions were applied to the assets of real persons, including Astor Enerji Chairman of the Board Feridun Geçgel, while measures on companies and investment funds were later lifted.

Scope and Beginning of the Investigation

The investigation conducted by the Istanbul Chief Public Prosecutor's Office covers the crimes of money laundering and opposition to the Capital Markets Law. During the investigation process, the assets of numerous individuals and institutions were targeted.

In the first stage of the investigation, asset restriction decisions were issued regarding numerous companies, investment funds, and real persons, restricting transactions.

Lifting of Measures on Companies and Funds

In line with an additional supplementary letter and the evaluations of the Capital Markets Board, the restriction decisions on the companies and investment funds within the scope of the investigation were lifted.

Judicial sources stated that these decisions taken regarding companies do not mean that the investigation is closed or that the transactions comply with the law.

Restrictions Targeting Real Persons

While the company measures were lifted, the asset restriction decisions issued regarding 42 real persons within the scope of the investigation remain in effect in the same manner.

This situation reveals that the investigation continues at full speed with respect to individual suspects and that judicial authorities continue their examinations.

Feridun Geçgel and Astor Enerji Detail

Feridun Geçgel, the owner and Chairman of the Board of Astor Enerji, was among those whose asset transactions were restricted upon the request of the prosecutor's office.

It was reported that besides Geçgel, Astor Enerji Deputy Chairman of the Board Enver Geçgel was also named within the scope of the investigation and measures were applied to their assets.

Company Statements and Commercial Activities

In the statements made by Astor Enerji, it was emphasized that the process and the procedures carried out by judicial authorities are being followed with sensitivity.

The company shared with the public that all its commercial activities and operations continue uninterruptedly.