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Erdogan Family Deposited Millions in Offshore Account

28 November 2017

North Cyprus News - President Erdogan

Close family members of Turkish President Erdogan have been sending millions of UK dollars to an offshore company in the Isle of Man, main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has revealed.

Members of President Erdogan’s family including his brother, his son and his executive assistant, made transactions worth around $15 million to an off-shore company called Bellway Limited in the tax haven Isle of Man in December 2011 and January 2012.

We have all the records of this company,” Kılıçdaroğlu told his party members in parliament today. “We also have all the documents of the financial transactions.

Earlier President Erdogan had challenged Kılıçdaroğlu to prove his accusations adding that he would resign if evidence of any financial transactions were discovered.

The opposition leaders said thatBellway Limited was found on 1 August, 2011, with Sıtkı Ayan as its sole board member and “a one pound sterling founding capital.

North Cyprus News - KilicdarogluThere are official records showing that it belongs to him both from Turkey and from the Isle of Man,” he said, adding that the company was transferred to Kazım Öztaş on 15 November, 2011.

On December 15, 2011, Ziya İlgen, the brother-in-law of [President] Erdoğan, sent $2.5 million U to the Bellway Ltd., while Mustafa Erdoğan, the [president’s] brother, sent $2.5 million. Why did your brother send $2.5 million there?” Kılıçdaroğlu said, going on to list all the transactions in the documents.

On Dec. 26 2011 Ziya İlgen sent $1.25 million and Mustafa Erdoğan sent $1.25 million. On Dec. 27, 2011 Osman Ketenci, the father-in-law of Burak Erdoğan, sent $1.25 million. On Dec. 27, 2011 Mustafa Gündoğan, a former executive assistant, sent $1.25 million. On Dec. 28, 2011 Mustafa Gündoğan sent $250,000. On Dec. 28, 2011 Osman Ketenci sent $1 million. On Dec. 29, 2011 Ahmet Burak Erdoğan, the son, sent $1.45 million. On Jan. 4 2012 Ahmet Burak Erdoğan sent $2.3 million,” he said.

We have the SWIFT documents of these transactions … We also have bank receipts,” Kılıçdaroğlu added, amid chants of “Erdoğan resign” from members of the group meeting.

The revelations come after the CHP leader challenged President Erdoğan on November 21 about the off-shore accounts of his close circle.

Do you know that your children, your brother-in-law, your son’s father-in-law, your brother, and your former executive assistant have deposited millions of U.S. dollars with a company based in off-shore tax-havens?” Kılıçdaroğlu said on 21 November, referring to a specific company without citing its name.

In response Erdoğan said: “If Tayyip Erdoğan has a single penny abroad, he should prove it. If proven, I will not stay in this presidential post for even one minute,” he said.

In which off-shore bank does Tayyip Erdoğan have an account? Prove it. If you cannot prove it, you yourself will have to quit politics. If you do, I will quit politics and quit my post in the presidency,” he added.

Today, the opposition leader called on Erdoğan to “do what is necessary.”

I have proven it, now tell me who is disreputable … If you are a man of honour, you will do what is necessary. Full stop,” he said.

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