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 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • 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
  • TÜRKİYE
  • Istanbul
  • Education
  • Investigations
  • Minorities
  • Expat Corner
  • Diaspora

Türkiye arrests founder fortune-telling app over money laundering

by Daily Sabah

ISTANBUL Jul 18, 2025 - 7:04 pm GMT+3
Edited By Nurbanu Tanrıkulu Kızıl
Turkish police conduct an operation in Kadıköy district in Istanbul, July 16, 2025. (IHA Photo)
Turkish police conduct an operation in Kadıköy district in Istanbul, July 16, 2025. (IHA Photo)
by Daily Sabah Jul 18, 2025 7:04 pm
Edited By Nurbanu Tanrıkulu Kızıl

Sertaç Taşdelen, the founder of popular Turkish mobile applications "Faladdin" and "Binnaz," has been arrested on charges of laundering criminal assets obtained through fortune-telling and spiritual services, according to Turkish authorities.

The Istanbul Chief Public Prosecutor’s Office said Taşdelen was detained as part of an investigation into the alleged use of a digital system to generate illicit income by offering astrology, clairvoyance, and other fortune-related services. Authorities claim he then transferred those earnings abroad using accounts tied to Arteria Technology Inc., a company in which he holds shares.

Taşdelen was formally arrested by Istanbul’s 8th Criminal Court of Peace on charges of laundering criminal proceeds. In his statement to the court, he claimed a monthly income of TL 150,000 ($4,600) and denied all allegations, asserting that he is a patriotic technology entrepreneur who generates foreign currency for Türkiye and supports his 75-year-old mother.

“I studied business at Bilkent University, served in the military as a commando, and graduated top of my class,” he said. “I do not believe in fortune-tellers. I returned to Türkiye from abroad to contribute to the tech sector. I have no links to magic, charms, or spiritualism. I am not involved in any illegal activity.”

Taşdelen claimed his apps operate in 120 countries and dismissed the accusations as a misunderstanding of the AI-based services offered by his company.

However, court records indicate that Taşdelen’s apps had already been penalized by Türkiye’s Advertising Board for violating regulations. A report by the Financial Crimes Investigation Board (MASAK) stated that Arteria was allegedly used to process and launder criminal income, which was presented as legitimate profit through tax declarations. Investigators say funds were transferred from the company’s accounts to foreign destinations.

In March, prosecutors had already filed an indictment against Taşdelen, citing ongoing financial operations related to the apps that allegedly masked illegal fortune-telling services. The court also noted that digital tools and banned software were reportedly used to operate the system.

The ongoing probe accuses Taşdelen of violating laws prohibiting unauthorized spiritual practices, operating banned software, laundering proceeds of crime, and forming and managing a criminal organization.

As part of the case, Taşdelen’s bank accounts, electronic assets, vehicles, and shares in Arteria Software Inc. were frozen by court order. Authorities said the seized assets, including two luxury cars and two boats, alongside the company’s value, totaled roughly TL 107.5 million ($3.3 million).

Taşdelen was detained on July 16 in a major operation carried out by Turkish law enforcement.

  • shortlink copied
  • KEYWORDS
    investigations money laundering türkiye financial crimes faladdin binnaz
    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
    'Paw City' welcomes fluffy residents in Turkey's Antalya
    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
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021