Turkey’s government has further tightened its grip on the media sector. The Istanbul Küçükçekmece Chief Public Prosecutor’s Office announced that 121 companies, including major broadcasters Habertürk, Show TV and Bloomberg HT, as well as other assets belonging to Can Holding, have been seized and placed under the control of the state-run Savings Deposit Insurance Fund (TMSF).
Investigation into Can Holding
Detention warrants were issued for ten people, including Can Holding executives Mehmet Şakir Can, Kemal Can and Kenan Tekdağ. The investigation involves accusations of forming a criminal organization, smuggling, fraud and money laundering.
Education sector also targeted
Beyond the media outlets, the investigation also covers prominent educational institutions, including Doğa Koleji and Bilgi University, which are part of Can Holding. The arrests were carried out by Istanbul Gendarmerie forces.
Official justification
In a written statement, the prosecutor’s office alleged that Can Holding had established “a criminal organization through which systematic fraud, tax evasion and laundering of illicit funds were conducted.” According to reports by MASAK, Turkey’s financial crimes watchdog, illegally obtained profits were funneled into various sectors in an attempt to both launder the money and create “a false image of economic strength and reputation.”
Political implications
The case carries strong political significance. Just last year, the government approved the sale of the media group — including Show TV and Habertürk — from Ciner Holding to Can Holding, despite longstanding allegations of smuggling and corruption linked to the companies. Observers view the latest move as another step in the government’s strategy to expand control over Turkey’s media landscape.