MASAK Report Reveals Billion-Lira Money Flow Involving Ahbap Association-Linked Individuals and Haluk Levent Connection

A report prepared by the Financial Crimes Investigation Board (MASAK) has detailed the money movements in the bank accounts of individuals identified as A.Ç., Z.Y., and E.G., who are stated to be linked to the Ahbap Association. The report indicates that based on intelligence received by MASAK, an investigation was launched against A.Ç. and Z.Y. for 'qualified fraud,' and this investigation was expanded to include E.G., who was found to have conducted intensive money transfers with these individuals. According to the report, A.Ç., whose social security records list him as a 'musician' with a reported monthly income of approximately 20,000 TL, had 779 million TL in inflows and 671 million TL in outflows in his accounts between 2020 and 2024. Z.Y., registered as an 'organization responsible,' had 1.469 billion TL in inflows and 1.537 billion TL in outflows during the same period. MASAK experts assessed that these money movements were inconsistent with the individuals' financial profiles and had increased 'contrary to the ordinary course of life' starting from the first quarter of 2020. Another notable finding in the report was the descriptions in the bank transfer notes. Many transfers included statements such as 'given as a loan to the Ahbap Association,' 'entrusted to Haluk Levent for the Ahbap Association,' and 'for use in Ahbap activities,' with these descriptions accompanying some high-value transfers. Additionally, it was noted that A.Ç. placed bets worth 190,270,000 TL through a gambling company and lost this amount. The report also included assessments regarding E.G., who was stated to have served as the Administrative and Financial Affairs Manager at the Ahbap Association in 2021-2022. Citing a letter dated May 23, 2024, from the General Directorate of Security's Cyber Crimes Department, the report noted that an investigation was being conducted against E.G. for 'violation of the law on organizing betting and games of chance in football and other sports competitions' and 'laundering of assets derived from crime,' and that in the prosecutor's indictment, E.G. was listed among 'individuals assessed to have laundered money through crypto assets.' In the conclusion of the MASAK report, it was emphasized that the nature of the money transfers between the suspects needed to be clarified. It was noted that the intensive money traffic with Ahbap Association employees and managers was striking, and the assessment was made that 'it should be investigated whether the individuals have abused the Ahbap Association.' This is not investment advice.