Erden Timur Arrest: Latest Updates & Details
- Here's a detailed breakdown of Erden Timur's response to the allegations, categorized for clarity:
- * Legitimate Purchase: timur confirms the sale of 24 flats to veysel Şahin (identified as an "illegal betting baron") in 2014-2015, but insists it was a standard transaction...
- Addressing the Allegations of Financial Misconduct (Asset Transfers):
Timur’s Response to the Allegations: A Breakdown
Here’s a detailed breakdown of Erden Timur’s response to the allegations, categorized for clarity:
1. Regarding the Sale of Flats to veysel Şahin:
* Legitimate Purchase: timur confirms the sale of 24 flats to veysel Şahin (identified as an “illegal betting baron”) in 2014-2015, but insists it was a standard transaction within a high-volume sales period (selling 100-150 flats daily, even larger bulk sales occurred). The purchase was made in 26 monthly installments.
* No Prior Knowledge of Illegality: He emphasizes that Şahin’s alleged criminal activities weren’t publicly known at the time of the sale (becoming public after 2017).
* Title Deed Hold: Crucially, Timur states the title deeds were never transferred to Şahin. this was due to a verbal warning from Istanbul Police in 2017 about an investigation into Şahin.He maintained this hold for six years, even at risk of potential compensation claims, until the company was transferred in May 2023. He claims the current status of the title deeds (not transferred) is verifiable in land registry records.
* Scale of Sales: He points out the sheer volume of sales during that period, making it impossible to personally vet every buyer. He will provide notary documents to support this claim.
2. Addressing the Allegations of Financial Misconduct (Asset Transfers):
* No Obligation to Investigate Buyers: Timur asserts his company had no legal obligation or means to conduct criminal background checks on buyers.
* Company Ownership Structure: He clarifies that Timur Gayrimenkul A.Ş. (62.5% owned by him) and Nezih Barut (37.5% owned) were the parties involved in the sales through BTE Kağıthane Gayrimenkul Yatırım ve Ticaret. This suggests shared responsibility for the transaction.
* Promises to provide Documentation: He states his lawyers will submit all relevant documents and contract samples to the prosecutor’s office to support his claims.
In essence, Timur’s defense rests on these key points:
* Legality of the initial transaction: The sale itself was legitimate at the time, conducted through standard procedures.
* Proactive Compliance: He voluntarily halted the title deed transfer upon learning of potential criminal activity, demonstrating a willingness to cooperate with law enforcement.
* Volume of Business: The sheer scale of sales makes individual buyer vetting impractical.
* Shared Responsibility: The company structure indicates shared responsibility for the transaction.
He is positioning himself as someone who acted responsibly once alerted to a potential issue, and is now cooperating fully with the investigation by providing documentation.