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TREconomy3 days ago

Receivership lifted for seven poultry firms amid pricing probe

Authorities have lifted receivership orders for seven poultry companies involved in an ongoing investigation into alleged price manipulation and anti-competitive behavior. The companies were placed under state supervision after a June 12 operation across eight provinces, which led to arrest warrants for 32 individuals, including senior executives and board members. Twenty-nine of those arrested were later released under judicial controls. Prosecutors allege that some company officials colluded to manipulate pricing, harming consumers and disrupting fair competition.

Receivership lifted for seven poultry firms amid pricing probe

ANKARA

Authorities have revoked receivership orders for seven of 13 poultry companies placed under state supervision during a widening investigation into alleged price manipulation and anti-competitive practices .

Measures were lifted on June 16 for Gedik Piliç, Erpiliç and Keskinoğlu, and on June 17 for Banvit, As Piliç, Lezita, Ak Piliç, Bupiliç, Şenpiliç and Aypi Piliç, according to court decisions cited in the investigation.

The companies were placed under receivership following a June 12 operation spanning eight provinces, where prosecutors issued arrest warrants for 32 people, including senior executives, accounting managers and board members in the poultry sector.

Twenty-nine of those detained were later released under judicial control conditions, including travel bans.

Authorities initially appointed receivers to 13 firms, among them Şenpiliç, Banvit, Erpiliç, Lezita, Keskinoğlu, Hastavuk, Bakpiliç, Bupiliç, Ak Piliç, As Piliç, Gedik Piliç, Orvital and Aypi Piliç.

The chief prosecutor’s office in Istanbul said there were “strong suspicions” that some company officials coordinated in pricing decisions that harmed consumers and disrupted fair competition. Prosecutors charged suspects with forming a criminal organization and influencing prices.

Justice Minister Akın Gürlek said the operation targeted companies that allegedly distorted market functioning and contributed to unfair price increases in the poultry sector. He said receivership had been imposed to protect supply chains and ensure transparent commercial oversight.

Gürlek also said the investigation was being conducted in coordination with Istanbul police, the Competition Authority and financial crime investigators at financial authorities.

Officials said operations were carried out simultaneously in Istanbul, Ankara, Balıkesir, Bolu, Bursa, İzmir, Samsun and Uşak.

Investigation ,

Read the full article at Hurriyet Daily News
Source document: Court decisions

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Hurriyet Daily NewsParty-alignedCenter3 days ago
Receivership lifted for seven poultry firms amid pricing probe

Authorities have lifted receivership orders for seven poultry companies involved in an ongoing investigation into alleged price manipulation and anti-competitive behavior. The companies were placed under state supervision after a June 12 operation across eight provinces, which led to arrest warrants for 32 individuals, including senior executives and board members. Twenty-nine of those arrested were later released under judicial controls. Prosecutors allege that some company officials colluded to manipulate pricing, harming consumers and disrupting fair competition.

Bias read (Center): The article presents factual details about legal actions taken against poultry companies without overtly favoring any political side. It reports on an ongoing investigation and legal proceedings without using biased language or emphasizing one perspective over another. The focus remains on the legal

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  • court Court decisions
  • government Chief Prosecutor’s Office in Istanbul

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  • courtCourt decisions
  • governmentChief Prosecutor’s Office in Istanbul