Papara founder arrested in $330m illegal gambling swoop in Turkey

The founder of payments platform Papara has been arrested in Turkey over illegal gambling allegations.

Turkish prosecutors Tuesday arrested 13 suspects, including the founder and chairman of online payment platform Papara, in a sweeping investigation into illegal gambling operations.

Papara founder Ahmed Faruk Karsl? was among those detained in raids across Istanbul that began at around 5am local time. The tycoon faces charges of establishing and being a member of a criminal organisation and laundering the proceeds of crime. Authorities seized assets worth TL5 billion ($128.4 million).

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Papara founder arrested in $330m illegal gambling swoop in Turkey