Concerning the media business

The first question of the 24th Assize Court concerning the media business:

Why did you continue investing money in the media business when you were losing money?

Let me explain with an example so that the matter can be fully understood:

When the total amount of money spent is subtracted from the value of the goods, the gain is called the profit.

For example: If you buy a house with a 4-year installment plan, the monthly payments you make are not regarded as a loss. Whether you have made a profit or not will be clear when the amount paid in installments is subtracted from the value of the house at that time.

You can figure out the value of the house by looking at the houses sold in the same area and comparing their size.

What determines the value in the media business is the ratings. That is:

In February 2011, Cine5 TV was sold to a foreign broadcast group, Al Jazirah for 40.5 million USD with a rating of 0.4 %.

In November 2011, with a rating of 6.7, the ownership of Star TV’sbrand and broadcasting rights changed hands.

In May 2013, Show TV with a rating of 5.61 was sold to theCiner Group for 402 million USD by the TMSF.

In November 2013, TV8 with a rating of 0.88 was sold for 70 million USD.

In November 2013, the rating of Kanalturkwas 1.94.

As a result, it can be clearly seen that the market value of Kanalturk, which is a TV station and a national radio station, is 150 million USD based on the valuations above, and that when the value of Bugun TV,theBugun and Millet newspapers are added to this, the total value of the group will be at least 250 million USD.

Between 2010 and 2014, in 5 years the capital increase raised by the Ipek Media Group was 110,203,338 USD. We saw an increase of 140 million USD in value. This is the profit.

After the appointment of the trustees to the companies, when the impartial organisation was turned into adiscriminatory and biased organisation, the value of the group was zeroed. If TVstations lose their impartiality, their ratings and their value will fall.

There was an expert witness report

There was an expert witness report that constituted the pretext for appointing trustees to the Koza Ipek Group.

Since writing the report and the trustees being appointed based on this report, the man has vanished.

When it turned out that the allegations were false, even MASAK could not
find him.

It was understood that the man who wrote this fake expert witness report deceived the prosecutor.

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The final section of the defence of Tekin Ipek

As a result;

    1. The claims,
      1. That 7 billion, 40 million USD was siphoned abroad,
      2. That the collection of donation gold was shown as production,
      3. That money was laundered and transferred to a terrorist organisation,
      4. That the Koza Foundation received a 122 million TL transfer from the Eregli Iron and Steel Works were the justifications for the raid on the Koza Ipek Group; were investigated and no crime was found

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Found to be innocent as of 04.05.2016

Did you know,

that despite the fact that the 22 institutions in the KozaIpek Group which have been under the management of trustees for several years now, had been investigated by all the state institutions and independent companies and found to be innocent as of 04.05.2016;

that just a month and a half later on 27.07.2016, in breach of one of the four articles of the ECHR, the principle of non-retroactivity of law which cannot be stretched even under extraordinary conditions,

the two institutions were confiscated,

and the confiscation of the two institutions was used as a justification to keep trustees in the other 20 companies in the Ipek Group,

that the assets of the Ipek family and the Ipek Group, which is a 70-year-old family company, were allocated to the trustees, politicians and their families?

The prosecutor instructed the SPK to write a report

Did you know,

that as part of the KozaIpek investigation,

not a single dollar was found that would constitute a justification for confiscatingits assets despite all the efforts made to find something by all the institutions of the state, MASAK, BDDK, TurkishTax Inspection Board, the SPK, the expert witnesses, MIT investigations, police investigations;

that because the prosecutor for constitutional crimes could not find a crime, he added the charge of violation of the SPK law to his ongoing investigation into a terror organisation, even though it was not his job and he was not authorised to do so;

that the prosecutor instructed the SPK to write a report, which is against the law;

that the SPK wrote reports of crime and sent them to the prosecutor;

and that there is no other case where they have confiscated all a company’s assets during the prosecution process without a trial…

ARTICLE 115 – (1) To investigate the crimes defined and referred to in this law is subject to an application in writing to the Prosecutor’s Office by the council. This application is regarded as a condition for going to trial.

ARTICLE 116 – (1) Criminal Courts of First Instance assigned by the High Council of Judges and Prosecutors are authorised to carry out jurisdiction regarding the crimes defined and referred to in this law.

Should have dropped the case immediately

DID YOU KNOW THAT WHILE A MAN OF THE LAW WITH A HEART SHOULD HAVE DROPPED THE CASE IMMEDIATELY ON 05.05.2016,

THE PROSECUTOR WAITED…

AS IF HE KNEW ABOUT THE DECREE LAW THAT WOULD BE ISSUED A MONTH AND A HALF LATER ON 27.07.2016…

AND THAT HE BASED HIS INDICTMENT ON THOSE INSTITUTIONS THAT WERE CLOSED DOWN WITH THIS DECREE LAW…

There was no crime

The subjects in the Ipek Group investigation that the prosecutor for constitutional crimes started on 04.08.2014:

Financial growth of the Ipek Group companies, capital structures,
the financial situation of the Ipek family including all their relatives,
assertions of the so-called expert witness, money laundering, Smurf village, keeping double-entry accounting, the computers being‘tired’, whether the Bergama gold mine was bought cheaply,
Ipek Media investments, the process for the purchase ofKanalturk,the establishment of KOZA Ltd in the UK, whether the collection of donation gold was shown as production, whether speculation was made over the number of licences, claims for financingterrorism. The slander that 7 billion, 40 million USD wassiphoned abroad, the claim offictitious gold production, transferring black money to a terrorist organisation, the claim that the Koza Foundation received a 122 million TL transfer from the Eregli Iron and Steel Works, IpekUniversity, IK Academy, the nonsense about 400 tons of gold being buried at the Angels Hotel, phone calls, contacts, even the denunciation letters of the unscrupulous people from the jail.

AS OF 04.05.2016, WHEN THE WHOLE KOZA IPEK GROUP WAS UNDER THE MANAGEMENT OF THE TRUSTEES,

THE PROSECUTOR WAS INFORMED BY REPORTS FROM MASAK, THE MINISTRY OF FINANCE AND THE COUNCIL FOR HIGHER EDUCATION THAT THERE WAS NO CRIME.

DO YOU KNOW THAT IT IS NOW OFFICIALLY KNOWN BY THE PROSECUTOR THAT HE HAS JAILED INNOCENT PEOPLE, CONFISCATED THEIR ASSETS, AND DESTROYED THEIR LIVES…

There wasn’t a single line of charge written down

Did you know that at the end of the investigation into the Koza Ipek Group and the Ipek family by the prosecutor for constitutional crimes which started on 04.08.2014, there wasn’t a single line of charge written down in his indictment which he put forward on 09.06.2017 including those sections from the start of the investigation, the raid, the confiscation, the absurd slanderby the so-called expert witness, the justification for the appointment of trustees in Masak’s preliminary report, and the denunciations which occurred during the investigation.

I’ve finally finished reading the thousands of pages

I’ve finally finished reading the thousands of pages of appendices of the indictment about the Ipek family, the KozaIpekGroup and the top management of the Ipek Group.

THERE ARE TWO MAIN CHARGES AS A RESULT OF THIS THREE-YEAR-LONG INVESTIGATION:

1) KozaGold, which made a profit of 3.2 billion TL, donated 178 million TL to Ipek University.

2) Ipek media has increased its capitalby 198 million TL since its foundation.

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A second “Comakli” scandal

It is interesting that the Koza Ipek Group was investigated for tax crimes.

In spite of the result announced by the Ministry of Finance, the prosecutor keeps on writing to them as if there was some information he was expecting to receive. Finally, the KOZA GROUP FILE WAS TAKEN FROM THE DIRECTORATE OF LARGE TAXPAYERS AND SENT TO THE DIRECTORATE OF SMALL AND MEDIUM TAXPAYERS. On the 25th of October 2015, criminal complaints were made by Fatih Aydinli who had been newly appointed as a tax inspector to the Koza Ipek companies for which tax inspections for all the years previous to this had already been completed.

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