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Turkish real estate and hospitality conglomerate Bilgili Holding has denied media reports alleging its involvement in tax evasion, stating that no such complaint has been filed.
The company responded to local coverage alleging that the Istanbul Chief Public Prosecutor’s Office had received a criminal complaint accusing Bilgili Holding and its chairman, Serdar Bilgili, of issuing fake invoices, manipulating financial records, and conducting unlawful fund transfers as part of an organized tax fraud scheme.
In its rebuttal, Bilgili Holding emphasized that the claims are baseless and constitute a deliberate attack on its reputation.
The company stated that the allegations were propagated by individuals who had previously lost legal disputes with Bilgili Holding and had made earlier efforts to undermine its credibility.
It emphasized that all financial and operational processes are regularly audited by internationally recognized firms, and that transparent reporting is maintained with global financial institutions and international partners. "Any unlawful action targeting our reputation will be met with firm legal recourse," the group said.
Bilgili Holding added that it has initiated both criminal and civil proceedings for damages against the individuals and media outlets responsible for the reports.
Established in 1990, Bilgili Holding reports a total portfolio value of €8.6 billion ($10.12 billion) on its website, comprising landmark real estate projects across the United States, Europe, and Türkiye.
According to the company, it manages over $1.8 billion in institutional foreign capital and employs approximately 4,000 people.
The group is chaired by Serdar Bilgili, who also founded BLG Capital in 2010, the conglomerate’s private equity arm focused on real estate and hospitality investments in Europe and the United States.
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