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The Istanbul Public Prosecutor’s Office announced on Tuesday that Turkish online streaming platform GAIN Media and its parent company Anahat Holding had three executives detained and all company assets seized as part of a money laundering and illegal betting investigation.
Gendarmerie units carried out simultaneous raids on Anahat Holding and its affiliates, conducting searches across company buildings, the prosecutor's office said.
According to the prosecutor’s office, the Financial Crimes Investigation Board (MASAK) flagged numerous large cash transactions and international wire transfers linked to detained suspect Berkin Kaya, who holds a 50% stake in the company. The activity involved heavy SWIFT usage and unexplained cross-border transfers that "could not be explained by legitimate business operations," with authorities finding no sound commercial basis or adequate capital structure to support such flows
MASAK’s report stated that after Kaya acquired his stake in GAIN Media in June 2024, the company recorded nearly ₺450 million ($10.53 million) in payments between April 2024 and January 2025. Investigators stated that the capital increase to ₺1 billion ($23.41 million) in November 2024, largely financed through shareholder receivables, deviated from standard financial practices.
The investigation also identified Anahat Media, established by Selahattin Aydin in December 2024, as a vehicle for suspicious activity after it acquired GAIN Media for ₺450 million in January 2025 and raised its capital to ₺470 million on the same day.
According to the findings, between January and August 2025, Anahat Media transferred more than ₺1.07 billion to GAIN Media, mostly funded by large cash deposits into Aydin’s personal accounts. Authorities suspect this structure was used to obscure the origins of illicit funds, forming what they describe as an "organized financial network" aimed at laundering criminal proceeds.
The prosecutor’s office emphasized that the capital increases, payment structures, and volume of cross-border transfers all contravened the normal flow of commercial activity, strengthening suspicions of systemic money laundering.
Based on the evidence, the Istanbul Criminal Court assigned the Savings Deposit Insurance Fund (TMSF) as trustee over GAIN Media and its affiliated firms.
Launched in 2020, GAIN Media is a Türkiye-based digital streaming platform known for short-form original content, and was later acquired by Anahat Holding in early 2025. According to its website, Anahat Holding is an energy and construction company founded in 2009, operating across the Gulf states and Türkiye.
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