Astor Energy Board Members' Assets Seized Pending Investigation

Astor Energy’s Board Chairman Feridun Geçgel and Vice Chairman Enver Geçgel had their personal assets and company holdings temporarily seized as part of a financial investigation. Authorities decided to freeze the relevant assets on an interim basis. The inquiry was launched to examine potential financial irregularities related to the company’s operations and to assess compliance with legal obligations. Regulatory bodies implemented preventive measures to secure control over the assets and the company. This action could impact Astor Energy’s operational processes and financial flows. The board is working on alternative financing and management strategies to sustain operations. This is not investment advice.