The International Center for Settlement of Investment Disputes rejected the terrorist organization FETO’s claim for compensation of approximately 126 million euros.
Another blow to the Fetullah Terrorist Organization (FETO) came from the International Center for Settlement of Investment Disputes (ICSID).
Cihan Medya Dağıtım A.Ş., the owner of its printing houses and real estate, especially Zaman Newspaper, which was closed within the scope of FETÖ/PDY investigations. The arbitration application of Cascade Investments NV (Cascade), which claims to own 99.94 percent of its shares, has been concluded.
Turkey won the case
Kenan Sezer, a member of the Belgian Turkish Businessmen’s Association (BETİAD), which has played an important role in financing the FETÖ/PDY organization for many years, was founded in Belgium by names such as Mustafa Ünal, İskender Kapaklıkaya, Hüseyin Şahin, Ahmet Tanrıkulu, Ali Aktan, Musa Soydemir, Kemal Soydemir. Later, in the case of the front company, of which Orhan Azizoğlu is also a partner, before ICSID (International Investment Disputes Resolution Center), the Republic of Turkey was found to be right.
Baseless allegations debunked
In the arbitration case where the SDIF was assigned under the coordination of the Presidency of Administrative Affairs, General Directorate of Law and Legislation; With the decision of the Arbitration Committee dated 20.09.2021, the trial was ended, the baseless allegations made by the members of FETÖ/PDY were not accepted and the decision of lack of jurisdiction was given in the case.
Thus, the claims systematically voiced by FETO in the international arena and the arbitration cases demanding compensation were proven to be groundless and unlawful.
In the case in question, with the support of local and foreign law offices, FETÖ/PDY members’ demand for 126 million Euro compensation was rejected, and it was decided to pay the majority of the court costs by the other party.