Ottoman Fund Limited (The) Corporate Update (1161N)
October 21 2016 - 2:00AM
UK Regulatory
TIDMOTM
RNS Number : 1161N
Ottoman Fund Limited (The)
21 October 2016
For Immediate Release
21 October 2016
This announcement contains inside information and is required to
be issued pursuant to the Market Abuse Regulation.
the OTTOMAN FUND LIMITED ("Ottoman" or the "Company")
Kalpakçıo lu Indicted For Aggravated Theft
Ahmet Sinan Kalpakçıo lu (born in 1961) has been indicted for
aggravated theft of money from two group companies while serving as
the Company's CFO in Turkey. If convicted, Kalpakçıo lu faces in
excess of twelve years' imprisonment and fines. On 19 October the
Istanbul 8th Criminal Court of First Instance accepted the
indictment and set a date for the first hearing, which will take
place on 7 December 2016, at 9:45a.m. local time.
John D. Chapman, the Company Chairman noted:
We are gratified that given the many issues Turkey now faces its
law enforcement agencies and courts have taken a first step towards
convicting and punishing Kalpakçıo lu for stealing over a million
US dollars in aggregate from two separate subsidiaries of the
Ottoman Fund. We are grateful for the efforts of our lawyers in
Turkey, including Dr. Kaan Karcılıo lu, for diligently pursuing the
indictment. We are hopeful that Kalpakçıo lu will now show remorse
for his actions by ensuring restitution of all of the money due to
Ottoman.
Further announcements will be made in due course.
Enquiries
N+1 Singer 020 3205 7500
James Maxwell
Company Secretary 01534 504 735
Vistra Fund Services Limited
John D. Chapman
Chairman
The Ottoman Fund Limited
4th Floor, St Paul's Gate, 22-24 New Street, St Helier, Jersey,
JE1 4TR
This information is provided by RNS
The company news service from the London Stock Exchange
END
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