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**Summary:**

Turkish authorities have seized control of Can Holding, a large conglomerate with significant media holdings including Haberturk, Show TV, and Bloomberg HT. Prosecutors have ordered the arrest of 10 executives on charges of fraud, tax evasion, and money laundering. The move has raised concerns about the government tightening its grip on the media, although some experts believe the charges are based on legitimate financial crimes.

**News Article:**

**Turkish Government Seizes Media Conglomerate, Arrests Executives on Fraud Charges**

**ISTANBUL —** Turkish authorities on Thursday seized control of Can Holding, a 121-company conglomerate that owns three major television stations, and ordered the arrest of 10 executives on charges of fraud and financial crimes.

The targeted company, Can Holding, is known for its significant holdings in energy, education, and, since last year, media. Its acquisitions included prominent TV channels Haberturk, Show TV, and Bloomberg HT, the Turkish affiliate of Bloomberg News.

According to a statement released by prosecutors in the Istanbul district of Kucukcekmece, an investigation uncovered evidence of a criminal organization operating through Can Holding companies. The alleged crimes include fraud, tax evasion, and money laundering. The Savings Deposit Insurance Fund of Turkey (TMSF) has been appointed to manage the assets of the seized companies.

Police detained Can Holding’s top executives in early morning raids, including Mehmet Sakir Can, Kemal Can, and Kenan Tekdag, who is also head of Ciner Media Group, recently acquired by Can Holding.

The seizure has drawn criticism from Reporters Without Borders (RSF), with its Turkey representative, Erol Onderoglu, stating, “The operation targeting Can Holding, the owner of Haberturk & BloombergHT, may have its own justifications. The corruption in the sector is undeniable. However, the process may also serve an environment where control over media ownership is further tightened with the aim of establishing a single voice.”

However, Yakup Kucukkale, an economy professor at Karadeniz Technical University, suggested the charges were substantial, stating, “These are well-known, widely watched channels — Bloomberg HT is the best-known channel for economics but behind these seizures lies a much more serious accusation… Around 120 companies were seized so it would be a mistake to think of this operation as simply controlling the (business and) economy media.”

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