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BTCC / BTCC Square / Global Cryptocurrency /
Former Galatasaray Vice Chairman Arrested in Money Laundering Probe Involving Cryptocurrency

Former Galatasaray Vice Chairman Arrested in Money Laundering Probe Involving Cryptocurrency

Author:
Global Cryptocurrency
Published:
2025-12-30 19:23:39
6
2
BTCCSquare news:

Erden Timur, former vice chairman of Galatasaray and prominent real estate developer, has been arrested on money laundering charges tied to Turkey's illegal betting investigation. Prosecutors allege his company, NEF, engaged in suspicious transactions, some involving cryptocurrency platforms.

The case has sent shockwaves through Turkish football, with Galatasaray's shares dropping over 20% in two months. Judicial units specializing in terror financing and money laundering are now handling the investigation.

Timur maintains his innocence, claiming the transactions under scrutiny were legitimate customer payments. The arrest marks another high-profile development in Turkey's crackdown on financial crimes linked to sports and digital assets.

|Square

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