Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Büyükada’s ‘coachmen gang’ face lawsuit over usury loan scheme involving million-dollar properties in Istanbul

by Daily Sabah

ISTANBUL Jan 03, 2019 - 12:00 am GMT+3
 FILE Photo
| FILE Photo
by Daily Sabah Jan 03, 2019 12:00 am

The public prosecutor in Büyükada, the largest of the Princes' Islands off the coast of Istanbul, filed a lawsuit against a group of drivers of the island's infamous horse-drawn carriages over usury accusations.

According to the bill of indictment prepared by Prosecutor Ömer Lütfü Savaş against 45 people, a gang called "Laçinliler", including three members of the Al family, have seized 45 real estate properties that belonged to the victims of the gang's usury loan scheme, Turkish daily Hürriyet reported.

The Criminal Court of General Jurisdiction on the island approved the charges of usury and ruled that the promissory notes signed by the victims had no "legal or commercial basis."

Three suspects, father Yalçın Al and his sons Gürkan and Emir, were said to have lent money to some businessmen and coachmen on the island and made them sign non-legal promissory notes.

According to the filings of the case the gang also confiscated numerous seaside mansions and hotels after their victims were unable to pay rent or debts.

Yalçın Al, who was found to be living in a house worth TL 6 million ($1,093,194), has accepted that he swindled many people with this scheme. According to the family's testimonies, Gürkan collected the money and his younger brother Emir helped him in the process.

The investigation uncovered a number of checks, promissory notes and datebooks containing in-depth information about their victims in the gang's homes and workplaces.

The probe also found the rapid increase in the suspects' assets to be "contrary to the usual flow of life," and ordered 17 carriages to be seized.

The first hearing of the case will be held in May. The accused are facing two to five years in prison and up to 5,000 days of judicial fine.

  • shortlink copied
  • Last Update: Jan 03, 2019 4:59 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    turkey
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    People around the world protest Russian invasion of Ukraine
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021