Sudi Ozkan laundered $42 million

       Accounting Experts Board of the Finance Ministry has revealed the mind
       blowing money traffic of casino owner Sudi Ozkan. Beginning from Turkey and
       extending first to Switzerland and then to Lichtenstein the Virgin Islands,
       the money laundering operations of Ozkan are wort millions of US dollars.
       Experts have been probing into the accounting affairs of Sudi Ozkan for the
       last two years, and the investigation is close to its end. Ozkan has been
       revealed to have channelled $680 million out of Turkey through clandestine
       accounts, money which he has made from the 18 casinos he operates.
       The latest information disclosed throught he operation is that Ozkan bought
       the entire five star Movenpick hotel for $20 million in 1995. In 1996, he
       sold 14% of the shares of this hotel to a feign company he himself had set
       up on the Virgin Islands for $42 million. Experts have revealed that the
       company which acted as mediator to the sale, Ireda Aktiengeselshaft, also
       belonged to Ozkan.
       This means that 30% of the $130 foreign tourism income in Turkey for 1996,
       is this sale enacted by Ozkan. The $42 million which should have been the
       money paid in exchange for the 14% of Movenpick shares never entered Turkey,
       and the Undersecretariat of Treasury, which had been informed of the
       purchase, never noticed.
       Experts also revelaed that Ireda Aktiengesellschaft, in Lichtenstein, had
       authorised Ozkan to carry out its transactions in Turkey. These transactions
       include a 2.3 trillion bond operation. Ozkan instructed a company to
       purchase bonds worth 2.3 trillion.