Massive Crackdown on Can Holding: 121 Companies Seized, Top Executives Face Criminal Charges

A sweeping investigation has been launched into Can Holding, the conglomerate that owns Habertürk and Show TV. The probe, spearheaded by prosecutors and carried out by gendarmerie units, targets alleged money laundering, smuggling, and organized crime activities.

Authorities confirmed that 121 companies linked to the group have been seized, marking one of the largest corporate crackdowns in recent years. Ten individuals are currently under detention orders as part of the ongoing operation.

Media & Education Arms Under Scrutiny

Gendarmerie forces arrived early in the morning at the Beyoğlu headquarters, home to Habertürk and Show TV, to conduct searches. Beyond media outlets, the investigation has also extended to education institutions owned by the holding.

• Istanbul Bilgi University was among the seized entities, with its assets transferred to the Savings Deposit Insurance Fund (TMSF).

• Doğa Koleji, another major private education chain under Can Holding, was also affected.

YÖK: “No Disruption at Bilgi University”

Following the news, the Council of Higher Education (YÖK) issued a statement to reassure students and staff:

“Educational activities at Istanbul Bilgi University will continue without interruption. There is no cause for concern for our faculty, administrative personnel, or students.”

The council stressed that all academic operations would proceed under full compliance with the law.

Ministry of Education Responds on Doğa Koleji

The Ministry of National Education (MEB) also sought to ease concerns among parents and students:

“Despite the ongoing investigation, all educational processes at Doğa Koleji schools will continue seamlessly. There is no situation that should alarm students, teachers, or families.”

Tekfen Holding Clarifies Position

The crackdown had ripple effects across the corporate world. Tekfen Holding, which has a 17.56% stake in Can Group, issued a clarification to investors:

“No measures or sanctions have been applied to Tekfen’s corporate structure. Our company is not part of the ongoing investigation.”

The statement underscored that Tekfen’s operations remain unaffected, despite the controversy surrounding Can Holding.

Broader Context

The Can Holding probe is being closely watched across Türkiye, as it spans media, education, finance, and energy sectors. With 121 companies seized, the case could reshape ownership structures in several high-profile industries.

The government has signaled that media operations and educational institutions will remain functional, aiming to prevent public disruption while the investigation unfolds.