Entrepreneur Selman Turk is being sued by a Turkish millionairess, in a case involving a payment to the Duke of York
When the Turkish entrepreneur Selman Turk launched a new digital bank three years ago, he was entering a crowded market of online start-ups hoping to grab business from the traditional banks.
But just seven months after the new venture was launched, a besuited Turk was on stage with the Duke of York at St James’s Palace collecting a people’s choice award in the prestigious, but with a priceless royal cachet. It was a spectacular coup for former Goldman Sachs banker Turk and his fledgling bank, but did not secure the future of the firm, which was wound up in September last year.
Turk helped manage Isbilen’s financial affairs, and the court documents claim Turk instigated a payment of £750,000 to be made toThe money, from Isbilen’s private bank account, has since been repaid, but raises new questions for Prince Andrew: were he and his advisers aware the payment was linked to Turk, and what was the money for? Prince Andrew is not central to the complex high court proceedings and is not accused of any wrongdoing.
Isbilen is a member of the Turkish family that owns the Evyap group of companies, which has a range of soap and personal care brands. Her husband, Ilhan Isbilen, is the former deputy leader of the ruling AK party, and has been a political prisoner in Turkey since 2015.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince Andrew aide ‘said disputed £750k payment was for daughter’s wedding’Report follows Turkish millionaire’s claim in high court that her financial adviser said cash was for help with passport application
Read more »
Prince Andrew and Sarah Ferguson named in legal case over £750,000 ‘scam’Documents show Duke of York has repaid cash in dispute involving Turkish woman and businessman
Read more »
Knights icon Andrew Johns rips into Wayne Bennett over Kalyn Ponga meetingAndrew Johns has hit out at Wayne Bennett, accusing the NRLDolphins coach of double standards and poor form after he reportedly met with Kalyn Ponga in Sydney. NRL 7NEWS
Read more »