New allegations have emerged regarding Pusula Portföy Yönetim Kurulu Başkanı Muhammed Yarız, who was arrested amid an ongoing fund and capital markets investigation, as detailed by Gazeteoksijen. According to claims brought to light by journalist İsmail Saymaz, an Istanbul Chief Public Prosecutor’s office confidential document sent to the Capital Markets Board on August 19—which reportedly indicated that Pusula’s Gündoğdu Gıda was among the stocks suspected of manipulation—was allegedly leaked to Yarız.
Alleged Information Leak and Yacht Smuggling Claims in Fund Investigation
Reporting on haber.mynet.com, journalists noted that following the initial statements and mounting pressure, significant financial outflows occurred. The leaks prompted actions where millions were transferred abroad, and Yarız reportedly learned of an impending foreign travel ban issued against him on September 2. At the time staying in a Marmaris hotel, Yarız allegedly had his yacht—previously anchored in Bodrum Yalıkavak—brought to Marmaris, from where he unlawfully sailed to Rhodes with his captain and companions. Witness accounts cited in haber.mynet.com indicated that he departed with a loaded amount of cash, though mansethaber.com noted there is no finalized judicial decision regarding the money transfer claim.
Fleet Ownership and Multiple Vessels Located in Rhodes
While initial reports focused on fewer assets, subsequent disclosures via denizhaber.net indicated that Muhammed Yarız actually possesses a fleet of four boats distributed across two separate corporate entities.
* Yarız Yachting Ltd. (Delaware, USA): Registered with two vessels, including the 2019-built, 26-meter yacht named Pusula valued at approximately 3.5 million euros (roughly 200 million TL), and the 2026 Saxdor-model Junior Amor valued at around 500 million euros/500 thousand euros. * TMY Ltd. (Switzerland): Holding two additional vessels, including the 34-meter Benetti Oasis superyacht Amor (valued at 14.5 million dollars) and the 2026-model 19 million euro yacht Loretta utilized by Serdar Turhan.
According to haber.mynet.com and Gazeteoksijen, after staying in Rhodes temporarily, Yarız returned to Bodrum via a zodiac boat on September 13 following communications regarding his blocked accounts, leaving the Amor behind in Rhodes before being formally taken into custody.
Post-Arrest Asset Removal Operations and Further Allegations
Even after Yarız’s arrest and incarceration, asset removal operations allegedly persisted. Sources reporting via Gazeteoksijen noted that two sailors dispatched from Istanbul prepared port documents and illicitly sailed Yarız’s Pusula yacht—previously moored in Göcek—across to Rhodes in the early morning hours.
Concurrently, allegations cited by Gazeteoksijen suggested that the yacht belonging to arrested Tera Board member Emre Alkin was also taken to Rhodes alongside the Pusula, where both vessels were reportedly positioned side-by-side in a marina manned by Turkish captains and crew. While Yarız previously denied intent to flee and stated he presented himself to judicial authorities voluntarily, the broader judicial proceedings and investigations concerning the legal status of the vessels removed to Rhodes remain actively underway.