Business · Companies · 2 hrs ago
Astor Enerji Shareholders Pay 5 Billion Lira as Measures Are Lifted
Astor Enerji shareholders Enver and Feridun Geçgel paid 5 billion lira into a voluntary return account run by Turkey’s Savings Deposit Insurance Fund, known as TMSF.
The payment was made as an investigation into transactions in Turkey’s capital markets continues.
Prosecutors said they had lifted measures and a suspension decision concerning the two men.
They did so after reviewing evidence, TMSF notifications, the scope of shareholdings and the limits of corporate authority in the alleged conduct.
They must report unusual changes in their assets and seek the prosecutor’s view on transactions to prevent sham deals.
The investigation remains ongoing, and the payment and lifted measures do not mean it has ended.
An Istanbul prosecutor’s office said restrictions and a suspension order concerning Astor Enerji shareholders Enver Geçgel and Feridun Geçgel had been lifted.
The two shareholders paid 5 billion lira into a voluntary return account at Turkey’s Savings Deposit Insurance Fund, according to Milliyet.
The measures had required unusual changes in the assets of people under investigation and companies held liable to be reported.
The prosecutor’s office said the evidence, fund notifications, scope of shareholdings and corporate authority in the alleged conduct had been reassessed.
- Who
- Astor Enerji shareholders Enver Geçgel and Feridun Geçgel.
- What
- Restrictions and a suspension order concerning them were lifted. They paid 5 billion lira into a voluntary return account.
- When
- Milliyet reported the payment on October 24, 2026.
- Where
- Istanbul, Turkey. The payment was made to a voluntary return account at the Savings Deposit Insurance Fund.
- Why
- The prosecutor’s office said it reassessed evidence, fund notifications, shareholdings and corporate authority related to the investigation.
This story does not have two clearly opposing sides.
Milliyet reported that Enver Geçgel and Feridun Geçgel paid 5 billion lira into the Savings Deposit Insurance Fund’s voluntary return account.
The prosecutor’s office said measures and a suspension order concerning the two shareholders had been lifted after reassessing evidence and other matters.
- Shareholders
- Enver Geçgel and Feridun Geçgel
- Company
- Astor Enerji AŞ
- Payment
- 5 billion lira
- Recipient
- Savings Deposit Insurance Fund (TMSF)
- Measures
- Restrictions and a suspension order were lifted
What people are saying
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