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TRY 206 Million Fraud at Kocaeli Steel Plant

An irregularity of approximately 206 million TL, allegedly carried out under the pretext of scrap purchases at a steel factory operating in Kocaeli, has been uncovered.

TRY 206 Million Fraud at Kocaeli Steel Plant

Within the scope of the investigation launched regarding the incident, the company's purchasing manager was arrested.

The investigation, carried out by the Gebze Chief Public Prosecutor's Office, was initiated upon the complaint of the company management. Allegedly, M.K., who served as the purchasing manager, received advance payments on various dates under the pretext of purchasing scrap materials without the knowledge or approval of the company management.

Furthermore, it was claimed that scrap materials generated during the production process were moved out of the company under different names. Investigations determined that the company suffered a total loss of TL 205 million 645 thousand 255.

Within the scope of the investigation, the purchasing manager M.K., as well as suspects named M.D., H.K., H.K., T.M.S., S.S., Ş.K., T.D., E.Ç., and Ö.S., were arrested by the court and sent to prison. Other suspects identified through Financial Crimes Investigation Board (MASAK) reports in line with financial examinations were released under judicial control conditions. It was reported that the multi-faceted investigation is ongoing.

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