On Air Late Lunch Christy Dehaven & Howard Caine | 1:00pm - 3:00pm

Did Erdogan move money to IoM?

Turkish President accused of stashing millions

Turkey's president is the latest figure to be involved in allegations of offshore dealings with Isle of Man.

A senior politician from the country's opposition party has accused Recep Tayyip Erdogan of stashing millions of pounds in a firm based in Douglas.

The affair has generated a small political storm in the country, after Mr Erdogan's family were linked to a shell company which is understood to have now applied for dissolution.

Mr Erdogan says the notion is 'a lie', and that he will bring his accuser to court. 

Turkish media reports the matter is under government investigation.

The Isle of Man - or Man Adasi in Turkish - has been trending on Twitter there this week.

Two months ago, Manx authorities brought into law a new tax information sharing treaty with Turkey - more than five years after it was signed off.

 

 

(Pic credit: bbc.co.uk)

More from Isle of Man News