Turkey orders detentions in fintech Papara probe

Turkish prosecutors have ordered the detention of 13 people as part of an investigation into fintech company Papara over suspected money laundering, Reuters reported on Tuesday, citing broadcaster TRT Haber.

Papara did not immediately respond to an emailed request for comment.

The TRT Haber report said the company, which provides online money transfers, foreign-exchange transactions and bill-payment services, was being investigated for enabling illegal online betting money transfers.

It said prosecutors had ordered the detention of 13 people including the founder and the chairman of the company, adding that trustees had been appointed to manage the firm during the course of the probe.