Prosecution of money-laundering criminal gangs by Turkish prosecution in the amount of approximately $850 million

According to hürriyet Daily news, the Turkish prosecution filed an indictment against a money-laundering network involving “Grand Bazaar”, amounting to approximately $850 million. The indictment lists 504 suspects accused of using shell companies, bank accounts, foreign exchange offices, POS terminals and encrypted currency to conceal illicit proceeds and to transfer stolen funds into encrypted currency abroad, while at the same time inducing victims to participate in fraudulent investments in high return. The prosecutor sought to sentence Türker Ak to up to 34.5 years ' imprisonment and Murat Dönmezoğlu, the network manager, to up to 31 years ' imprisonment。