Authorities in the United Kingdom have blocked access to approximately £29.2 million held in two London-based corporate accounts. These funds are reportedly connected to Pusula Holding, an entity currently under investigation regarding a major investment fund controversy in Turkey. Investigations revealed that Serdar Turhan, the chairman of Pusula Holding, moved roughly 2.55 billion lira into the account of PSL Asset Management Limited during the summer. Both PSL Asset Management and PSL Capital Limited, which share a London business address, are fully owned by the Turkish firm. The frozen assets, held at Barclays Bank, include £9 million from the asset management firm and £20.2 million from PSL Capital. These financial measures follow reports detailing the movement of capital between the Turkish parent company and its British subsidiaries.
Source : Turkish Minute
