Koza-Ipek Holding’s Beyaz Kosk up for auction

The Savings Deposit Insurance Fund (TMSF) has put the mansion owned by Koza-Ipek Holding in Istanbul’s Bebek district up for sale.

The auction for the mansion, belonging to FETO fugitive Akin Ipek, is set for June 27, with a starting bid of $23.3 million.

Participants interested in the auction must submit the required documents and conditions to TMSF by June 25.

The property in question includes two structures located on parcel 132 of plot 1259.

The primary building, known as “Beyaz Kosk,” is a historical second-degree artifact featuring two basement floors, a ground floor, a regular floor, an attic and a terrace. It offers a gross closed usage area of 695 square meters and a terrace area of 208 square meters.

The other structure, referred to as “Kahverengi Kosk,” consists of a ground floor and a regular floor, providing a gross closed usage area of 230 square meters.

Ipek, a FETO fugitive currently residing in the U.K., has previously lost two international arbitration cases against Türkiye.

What is FETO

Türkiye has been the target of various terrorist organizations because of its strategic location at the crossroads of continents, religions and cultures. Unlike other terrorist groups that operate openly, the Fethullah Terrorist Organization (FETO) has clandestinely conducted its activities since the 1960s, masquerading behind a facade of legality while pursuing its illegal agenda.

FETO aims to establish a new political, economic, and social order that deviates significantly from Islamic principles by exploiting religion for its own ends. Engaging in a range of criminal activities, including oppression, blackmail, threats, assassinations, conspiracies, espionage, and money laundering, FETO has demonstrated a blatant disregard for Türkiye’s sovereignty, democracy, and the core values of the Republic.

The treacherous coup attempt on July 15, 2016, was a direct assault on Türkiye’s national sovereignty, democratic institutions and the foundational principles of the Republic. FETO’s involvement in this heinous act further underscores the grave threat it poses to Türkiye’s stability and security.

As of July 1, 2023, FETO schools have been closed in 48 countries, either taken over and operated directly by the relevant countries or transferred to the Türkiye Maarif Foundation.

Currently, educational activities are being carried out by the Türkiye Maarif Foundation in 447 educational institutions in 51 countries.

In many countries, FETO-affiliated structures have been banned, and their members have been deported. Some international organizations, including the Organisation of Islamic Cooperation (OIC), have adopted decisions recognizing FETO as a terrorist organization. The Pakistan Supreme Court ruled that the activities of FETO-affiliated groups declared as terrorist organizations would violate the Pakistani Constitution, and thus, it banned all activities of the terrorist organization in the country.