Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe
Destek Holding's major shareholder Altunç Kumova, arrested in the investigation, stated they agreed with Tera Yatırım for a 2% commission on Destek Faktoring's IPO, with Tera Group firms and qualified investors purchasing a 20% stake. He described the valuation rising to 1.3 trillion lira (TL) as an "abnormal figure."
Kumova recounted that in the investigation they first reached an agreement with Akbank and, when it proved insufficient, moved to Tera Yatırım. He said roughly 20 percent of the 25 percent portion offered to the public went to Tera Group companies and qualified investors. Stating that he trusts the SPK audit, Kumova said he did not conduct any interrogation.
