Antalya-based Kırmızıtaş Holding was seized and its three owners have been detained as part of an investigation into the Gulen movement, according to media.
Owners Recai Kırmızıtaş, İsmail Kırmızıtaş and Hamza Kırmızıtaş were detained as part of the same investigation.
Hurriyet newspaper reported March 8 that the conglomerate was caught in the dragnet when authorities found suspected invoices processed between the holding companies and Öpçin Mobilya, a furniture producer already seized over ties to the movement.
Some invoices Kırmızıtaş Holding companies had issued for Öpçin indicated “Himmet” [charitable giving] in description column, Hurriyet said.
More than 1,000 companies with a total value of $12 billion in assets have been seized and then transferred to Turkey’s Saving and Deposit Fund (TMSF) since the coup attempt on July 15, 2016.
The government blames the Gulen movement for the July 15, 2016 coup attempt while the group denies role.