Public money, private interests and the records that connect them.
THE LEDGERS / COMPANY ARCHIVE
All The Ledgers articles mentioning SICPA SA (CH), collected in one file. Open an article to explore its reporting, sources and available documents.
GLOBAL FILE / COVERAGE MAP
Choose a country. Explore allegations, investigations and judicial decisions through the sources in our reporting.
Latest publications first
An email included in the dossier identifies Alykhan Hudani and Ugandan businessman Abubaker Mukasa Muyunga as the shareholders of Veritas Communications, the counterparty to an $820,000 consultancy arrangement. Public records connect…
Read articleSeptember 2022 correspondence obtained by The Ledgers adds a new dimension to the EUR 120.6 million contractual-penalty dispute between SICPA and Derinay Enerji. According to Derinay, the tribunal found SICPA in breach but rejected the…
Read articleThe first file being examined for links to SICPA’s African operations focuses on an arrangement said to involve a company in Istanbul’s Levent district and an offshore intermediary. The account covers Uganda, Kenya, Somalia and Tanzania…
Read articleThe SICPA dossier, Part 2. Messages attributed to Philippe Amon and said to date from 18 September 2019 describe an instruction to stop consultancy payments to Cuneyd Zapsu. Following the TRY 19.6 million in invoices examined in Part 1…
Read articleTwo SICPA companies received invoices worth TRY 19.6 million excluding VAT from Cuneyd Zapsu’s consultancy in 2015–2019. The records overlap with major public contracts in Turkey, but do not establish what services were provided or prove…
Read articleEmail screenshots shared with The Ledgers as part of a tip contain significant information about SICPA’s information-security practices. Messages described as internal company correspondence state that some deficiencies identified in a…
Read articleThe Court of Cassation’s reversal increases the legal pressure on SICPA in its dispute with Derinay Enerji. Derinay’s substantial claim and objections concerning an arbitrator’s impartiality take the company’s legal battle in Türkiye into…
Read articleLegal correspondence from January 2018 obtained by The Ledgers shows that reports were prepared and invoices issued to a company whose sole authorised signatory was linked to a rival bidder, based on SICPA’s revenue from Türkiye’s TRY 359…
Read articleThere is a striking detail in Türkiye’s investment-fund investigation: five villas worth approximately TRY 1.2 billion were seized. According to the investigation’s findings, the villas belonged to Muhammed Yarız and Serdar Turhan but were…
Read articleLeaked agreements and emails show that a Swiss company paid €450,000 to five people in Türkiye in February 2014, with payment confirmations circulated among SICPA executives. One recipient corresponded on behalf of Lettra, a company…
Read articleThe Democratic Republic of the Congo’s biometric passport contract is before a criminal court in Brussels amid allegations of bribery, money laundering and tax fraud. At issue is an alleged financial black hole of approximately $60 million…
Read articleThe Swiss company selling “traceability” to governments has yet to account for money allegedly owed to its partner. Until the accounts are disclosed, its language of trust amounts to little more than a sales brochure.
Read articleA SICPA joint venture won the Product Tracking System tender launched by Türkiye’s Revenue Administration in 2014. A complaint submitted to the Swiss federal prosecutor alleges that consultancy agreements involving people connected to…
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