Illegal Betting and Forex Fraudulent Financing Revealed

A probe has been launched by the Istanbul Republic Chief Public Prosecutor’s Office Money Laundering Crimes Bureau regarding Vepara Electronic Money and Payment Services Inc. and its executives involved in illegal betting and forex fraud.

“ATTEMPTS TO LAUNDER CRIMINAL PROCEEDS”

According to the CBRT inspection report and MASAK analyses, criminal proceeds were systematically transferred through electronic money infrastructures, attempting to be laundered with numerous domestic and foreign companies.

“ACTIVE ROLE IN MONEY TRANSFER”

It was determined that the organized structure, including software engineers, IT personnel, and project managers, actively participated in the money transfer and concealment processes.

COMPANY SEIZED

While arrest warrants were issued for 31 suspects in 6 provinces simultaneously based in Istanbul, the company was seized.