Public money, private interests and the records that connect them.
THE LEDGERS / COMPANY ARCHIVE
All The Ledgers articles mentioning Pusula/Tera Portföy, collected in one file. Open an article to explore its reporting, sources and available documents.
Latest publications first
Pasifik Holding’s three shareholders transferred stakes in three listed group companies to the holding between December 2023 and April 2024. Disclosed transfer prices put their combined value at approximately TRY 18.1 billion. The holding…
Read articleOn 22 October, Türkiye’s Capital Markets Board (SPK) imposed a two-year trading ban on Lugano-based Century City Securities SA over transactions in Anel Elektrik (ANELE). Three Tera group companies appear on the same list. The Swiss…
Read articleBG Holding, Balsu Gıda’s main shareholder, sold about one third of the company on 30 June at TRY 18.42 a share. According to KAP disclosures, two Pusula Portföy funds bought 62% of the shares sold; the capital markets regulator, SPK…
Read articleIn the fund crisis, the state is pursuing investors’ savings. President Erdoğan says, “We do not stand by those who wrong the nation or reach for the nation’s property”; Justice Minister Gürlek says they will follow the process “through to…
Read articleThe reported 11 October request concerns asset preservation as fund liquidation and investor payments proceed under separate SPK rules. The record also includes disputed oversight allegations and restrictions on reporting.
Read articleAccording to Türkiye’s Public Disclosure Platform (KAP), seven major shareholders hold 82.71% of ODINE’s capital. Founder Alper Burak owns 33% of the company but controls 52.62% of the votes. Geylan Abdülaziz Zapsu is the second-largest…
Read articleWhen a fund collapses, everyone repeats the same line: “The money evaporated.” That line is false. Money does not evaporate. It leaves one account and enters another. What evaporates is the illusion that nobody kept a record of that…
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