Turkey's TMSF appointed trustee to Alves Kablo over money-laundering, fraud suspicion; shares limit-down six sessions

Turkey's Savings Deposit Insurance Fund (TMSF) was appointed management trustee (kayyum) to cable maker Alves Kablo Sanayi ve Ticaret A.Ş. over strong suspicion of money laundering, qualified fraud and issuing fake invoices/documents, per a desk report. After the ruling was served, ALVES shares closed limit-down for six straight sessions.

Detected & updated continuously · Source: Nebula