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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ottoman | LSE:OTM | London | Ordinary Share | GB00B0PJ6V42 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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(END) Dow Jones Newswires
October 21, 2016 02:00 ET (06:00 GMT)
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