Ahmet Faruk Karslı, founder and former CEO of the Turkish fintech company Papara, has been taken back into custody. The detention occurred shortly after an Istanbul court initially granted his pre-trial release.
Prosecutorial Appeal and Ongoing Review
The Istanbul Chief Public Prosecutor’s Office filed a successful appeal against the court’s decision to free Karslı. Authorities are continuing their investigation into financial operations linked to the neo-bank. The legal proceedings remain part of a broader review of fintech activities in the region.Karslı previously faced charges related to financial crime cases that have drawn attention across the Turkish banking sector. The ongoing judicial process will determine the next steps for the company’s leadership and its regulatory standing.