A panel of trustees on Saturday was appointed to furniture chain Alfemo due to alleged ties to the Gülen movement, which the government accuses of masterminding a botched coup on July 15.

An İzmir court ruled on the trustee appointment to the board of the furniture chain, which is partnered by mattress producer YATPA Corporation. The latter group also has interests in the wholesale trade.

The first Alfemo showroom was established in 1972 in a 200-square-meter area. Alfemo offers furniture to the domestic and international markets.

Some TL 12 billion (about $4 billion) in property has been transferred to the Treasury as part of an investigation into the Gülen movement, said Minister for Environment and Urbanization Mehmet Özhaseki on Sept. 1. Yet the total figure is expected to rise considering the growing number of seizures and trustee appointments to companies, a common practice in the aftermath of the July 15 failed coup.