Mustafa Boydak

Boydak Holding has been transferred to the Saving Deposit Insurance Fund (TMSF) as part of the investigation into Turkey's failed July 15 coup attempt, Doğan News Agency reported late on Sept. 5. 

Two senior executives of Boydak Holding have been arrested for allegedly financing the group of U.S.-based scholar Fethullah Gülen, a former government ally now considered the head of the supposed "Fethullahist Terror Organization" (FETÖ) that allegedly aims to topple the government.