Turkey’s Boydak Holding transferred to state fund amid coup attempt investigation

KAYSERİ

DHA photo

Boydak Holding has been transferred to the Saving Deposit Insurance Fund (TMSF) as part of the investigation into Turkey’s failed July 15 coup attempt, Doğan News Agency reported late on Sept. 5. 
A trustee panel was appointed to the business group, which is based in the Central Anatolian province of Kayseri and which has over 40 companies in various sectors, due to alleged links with the Fethullahist Terror Organization (FETÖ), believed to be behind the coup attempt.

Boydak Holding said it had not yet been informed about the decision and would use all its legal rights regarding the issue. 

Boydak Holding Chairman Mustafa Boydak, who also heads the Kayseri Chamber of Industry, took to Twitter to deny any wrongdoing and also reiterated that his company would pursue its legal rights.

He is being investigated over the coup plot and was freed last month after being briefly detained.

A former executive at the company, Hacı Boydak, and three other executives – Şükrü, İlyas and Bekir Boydak – were detained in early August, while a court in Kayseri ordered the release of Mustafa Boydak on probation that included an international travel ban.