Turkey issues arrest warrant for businessman tied to US money laundering
Turkish businessman Sezgin Baran Korkmaz, 29 December 2020 [BlueprintGreece/Twitter]
December 30, 2020 at 3:39 pm
Prosecutors in Turkey have issued an arrest and detention warrant for a Turkish businessman tied to a tax credit and money-laundering scheme conducted from the United States. The warrant was issued for Sezgin Baran Korkmaz yesterday.
The move follows a joint investigation by Turkey's tax auditing and financial crimes investigation authorities into the $132 million money laundering scheme. Nineteen directors of companies owned by Korkmaz were also issued with warrants; ten have been detained for interrogation in Istanbul and three other cities.