Arrest warrant out for Hakan Uzan

18 Aug 2003

An Istanbul court has issued an arrest warrant for Hakan Uzan, the former chairman of wireless telco Telsim, as well as eleven other people connected to the business. Whilst police have not specified charges, speculation suggests questions will relate to the Uzan-owned Imarbank, which recently had to be seized by the government to avoid its collapse. Last week a New York court ordered the Uzan’s to hand over 74% of Telsim shares to Motorola, pledged against a USD2 billion loan.

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