Within the scope of illegal betting operation, Papara, which was taken to the savings deposit insurance fund (SDIF) trustee, launched a detailed examination in user accounts.
According to the news on Ekonomim.com, the company, thousands of users sent access to accounts in the e-mail, but the balances can not be used temporarily reported.
In the official statement of Papara, users were given the following message:
“As Papara, our teams started the examination process in order to ensure the security of all users and to protect the transparency of the financial system. You can continue to log in to your account during the control process, but you will not be able to use the balanced balance, you will not be able to make transactions in your account.”
The examination process will be completed quickly
The company management announced that the audit work will be finalized as soon as possible and that users will be informed. Papara teams, each user account separately took the process of evaluation. In this context, the account movements are examined in detail.
Emphasizing financial transparency, the company continues to work to confirm that all transactions are carried out within the legal framework. Users will receive up-to-date information about their account status via e-mail.
Daily transaction limits were increased to 10 thousand pounds
Papara increased the process limits of users as well as the review process. According to the new regulation, the daily transaction limits were determined as 10 thousand Turkish Liras.
Increased limits are applied in the following categories:
Deposit transactions from his own bank to papara account 10 thousand pounds per day,
Sending money to his own bank from the Papara account and withdrawing cash from ATM 10 thousand pounds per day,
Papara Card with shopping and accounting transactions 10 thousand pounds per day.
Investigation process that started on May 27
The Istanbul Chief Public Prosecutor’s Office claimed that Papara played a critical role in the illegal betting investigation launched on 27 May. Upon the request of the Central Bank of the Republic of Türkiye, the court decided to appoint the Savings Deposit Insurance Fund to Papara as a trustee. With this decision, the company’s management was passed to the SDIF.
