Istanbul
Turkish police have arrested a member of one of the country’s richest families: the Uzans. Bahattin Uzan, who was found hiding in his son’s Istanbul apartment this week, was wanted for possible fraud in connection with the failure of the family-owned bank, Imar. His brother, Kemal Uzan, and other family members are still being sought. The Uzan corporate empire of energy, media, and telecommunications firms has been floundering all year. The government recently seized two of its energy companies, and the conglomerate was frozen out of a major privatization after failing to make a payment. The Uzans say the actions are all part of a politically motivated campaign to stop the rise of the new Youth Party, founded by Kemal’s son Cem Uzan. The family also has legal troubles beyond Turkey. A U.S. judge has ordered the clan to pay more than $4 billion in reparations to Motorola and Nokia, their cell phone partners in Turkey.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
The biggest climate records in the last yearIn Depth The number of records set in the past year is a stark reminder of the destructiveness of climate change
-
'The future of abortion access in many states may come down to who has the final say'Instant Opinion Opinion, comment and editorials of the day
-
Supreme Court rejects challenge to CFPBSpeed Read The court rejected a conservative-backed challenge to the way the Consumer Financial Protection Bureau is funded
