Five Former Binboğa Board Members Released on Bail Amid Allegations of TL 50 Million Loss

The suspects — Hasan Şakkudeler, Ahmet Taşkın Düzdaban, Mehdi Uysal, Salih Kukural, and Şükrü Şarafat — face charges related to irregularities in procurement decisions and failure to impose contract penalties.

Testifying in court, Police Sergeant Hüseyin Yıldıran stated that a routine audit conducted by the Cooperative Central Bank on 23 May 2025 uncovered significant irregularities. Following the findings, a formal investigation was launched by the Financial Crimes Division on 10 June. A detailed review of factory records on 27 June uncovered documentation relating to 12 tenders and six direct purchases carried out in 2023.

According to police, the Binboğa board failed to enforce a penalty clause amounting to $636,500 against Mova Trade Ltd. for the late delivery of a shipment of bran. Instead, the board opted to impose a significantly reduced fine of $131,700, leading to a financial loss of $504,800 for the factory.

Additionally, it was revealed that board members issued cheques worth TL 15.1 million to Mova Trade Ltd. 90 days after the contractual delivery date. The company cashed the cheques early, incurring TL 3.8 million in interest — a cost that was borne by the factory.

A similar case occurred with a contract awarded to Trust Island Petrol Ltd., where the early cashing of cheques led to an additional loss of TL 4 million in interest payments.

Police testified that, following their investigation, it was determined the factory had suffered a total financial loss of TL 50 million in 2023. The suspects were initially arrested on 11 July and held for two days while authorities reviewed financial statements and continued examining the evidence.

Concluding the hearing, Judge Zehra Yalkut Bilgeç ruled that all five suspects be released on strict bail conditions. These include a travel ban, weekly check-ins with police, a TL 250,000 cash deposit each, and two guarantors per suspect who must each sign a TL 750,000 bail bond.

The investigation remains ongoing.