Yimpas chain of stores

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The Yimpas store chain is a Turkish trading company with headquarters in Yozgat , in Germany thus became primarily known that its German department stores be operated subsidiary YMTA especially from the 1990s equipment ethnic Turkish immigrants in Germany embezzled . Experts call the processes around so-called Islam Holdings ( Konya model ), in which numerous smaller companies and business people from Turkey were involved in addition to Yimpaş, the largest investment scandal that Germany has ever experienced. The Foundation for Turkish Studies and Integration Research estimates the damage caused at five billion euros. Other sources also consider total damage of up to 50 billion euros possible.

background

Islam holdings are offered as a godly and Islamic way of investing money profitably, but without interest, since interest is forbidden in Islam . The share certificates in the companies were mainly offered in German mosque associations, where most of the strict German Turks can be found. Therefore, these processes went largely unnoticed by the German majority society.

Yimpaş in Turkey

The Yimpas Holding was in 1982 Yozgat founded.

The cooperative-like Yibitaş Holding , founded in the early 1970s , serves as a model . Turkish investors in Europe were coldly expropriated by the board . The former chief accountant of Yibitaş, Dursun Uyar , became chairman of the board of “Yimpaş Holding”.

An international arrest warrant issued in Germany against Yimpaş managing director Dursun Uyar has been available since 2005 . In November 2006, Dursun Uyar was honored by the Chamber of Commerce in his hometown of Yozgat for “the success of four Yimpaş export companies and the high taxes they paid”.

Yimpaş Yozgatspor

In 1997, Yimpaş Holding replaced Yibitaş Holding as a sponsor of the Yozgatspor football club . Yozgatspor rose to the highest league in Turkey in 1999/2000 and finished there in seventh place in the 2000/2001 season . In the following 2001/2002 season , however, the team rose again from bottom of the table. At the beginning of the 2005/2006 season, Yozgatspor's sponsorship agreement was terminated.

Yimpaş in Europe

The European headquarters was "Yimpaş Group AG" , founded in April 1999 and registered in the commercial register of the canton of Nidwalden . As early as 2003, the Swiss Federal Prosecutor's Office opened initial investigations into a possible international fraud in the millions, in which 5,000 investors in Switzerland are said to have been cheated for 115 million francs. Swiss media then reported in detail on the dubious business of Yimpaş Group AG. In July 2006 the Nidwalden cantonal court ruled that Yimpaş Group AG had to repay the money to its investors. The court found that the controversial transactions were not about the acquisition of shares , but rather loan agreements. The non-domiciled company was officially declared dissolved at the beginning of January 2007 and has been in liquidation ever since . Furthermore, criminal proceedings by the Swiss Federal Prosecutor's Office are ongoing.

With a decision of October 25, 2007, the single judge in debt collection and bankruptcy of the Canton of Nidwalden opened the bankruptcy of the company that had already been dissolved.

However, the bankruptcy proceedings were discontinued with the ruling of the single judge in debt collection and bankruptcy of the canton of Nidwalden on December 18, 2007 due to lack of assets .

The company was then deleted from the commercial register of the canton of Nidwalden within the meaning of Art. 159 Para. 5 lit. a HRegV (Commercial Register Ordinance) ex officio, after no justified objection to the deletion has been raised.

In a decision of September 9, 2011, the single judge of the Nidwalden Cantonal Court ordered the reopening of summary bankruptcy proceedings in accordance with Art. 164 Para. 1 lit. a and d HRegV as well as the re-entry of the company under the name “Yimpas Group AG in Liquidation” in the commercial register of the canton of Nidwalden. All previous members of the board of directors and liquidators and their signing authority, namely Dursun Uyar, Turkish citizen, in Yozgat (TR), president and liquidator, with a joint signature of two; Abdullah Örnek, Turkish citizen, in Yozgat (TR), member and liquidator, with the two of them jointly signing; Sükrü Ibis, Turkish citizen, in Yozgat (TR), member and liquidator, with jointly signed by two; Mehmet Kaplan, Turkish citizen, in Yozgat (TR), member and liquidator, with joint signature by two, have been deleted from the commercial register. The law firm Bratschi Wiederkehr & Buob, Bollwerk 15, 3001 Bern , was designated as the liquidation domicile, and Dominik Gasser, von Zeiningen, in Muri bei Bern, was the new sole liquidator with individual signature.

With a further decision on September 29, 2011, the bankruptcy judge of the Nidwalden cantonal court reopened the bankruptcy of the re-registered and already dissolved company with effect from September 29, 2011.

In the city of Eupen in Belgium, the holding operated a meat factory.

Yimpaş in Germany

The headquarters in Switzerland had a subsidiary in Offenbach am Main with "Yimpaş GmbH" . Yimpaş is repeatedly referred to in the German media as the largest and most important of the 200 or so holdings into which the German-Turkish investors have partly paid their life savings, and the scandal is sometimes referred to as the “Yimpaş affair”. In addition to furniture stores and supermarkets, the group had taken over ten large department stores from the Metro - Kaufhof - Horten group and converted them into businesses that operate strictly according to Islamic principles, thus gaining the trust of many investors in particular. In the years from 2002, however, the newly opened department stores closed again, and the subsidiary responsible for trading activities in Germany went bankrupt. An insolvency administrator noted “that the department stores had been uneconomical from the start. At the same time, a total of 293 million euros of investor money is said to have flowed into Turkey via the Yimpaş management company. ”This indicates that the business only served to attract investors.

Faruk Asiltürk, who worked at the Yimpaş headquarters in Offenbach, filed a criminal complaint against those responsible for Yimpaş in January 2001 for the formation of a criminal organization , fraud and tax evasion . For years he claims to have observed how Yimpaş representatives smuggled large amounts of money from Germany into Turkey.

Independent research suggests that the money from investors, who had disappeared into an international financial network, was ultimately used to support Turkish Islamists and that members of the Turkish government were also involved in the scandal.

For the "Yimpaş GmbH" the insolvency proceedings were opened on January 26, 2004 under the file number 810 IN 1229/03 at the Frankfurt am Main district court .

Documentary film

The WDR broadcast in 2004 under the name Bankruptcy in the name of Allah. How Islamic businessmen exclude the German Turks A detailed film research on the Yimpaş affair; The authors were the journalists Yüksel Uğurlu and Cornelia Uebel.

Web links

Individual evidence

  1. ↑ Rip off in the name of Allah , TAZ on May 24, 2004
  2. ↑ decision against Yimpas, Cologne Court of 5 April 2005, Az .: 15 U 153/04 ( Memento of 15 January 2006 at the Internet Archive )
  3. ↑ The lost treasure. German Turks lost billions in businessmen , Die Zeit on November 9, 2006
  4. ↑ a b c Holy Holdings. Or: The Lost Treasure of the German Turks , Deutschlandradio on January 11, 2005
  5. ↑ Page no longer available , search in web archives: Yimpas & Co. raid in Frankfurt , April 30, 2007@1@ 2Template: Dead Link / minaretta.twoday.net
  6. ↑ Page no longer available , search in web archives: broken link@1@ 2Template: Toter Link / www.ard-digital.de
  7. ↑ a b Ankara has no interest in the investigation. Close ties between AKP and Islam-Holdings , Die Welt on June 22, 2006
  8. ^ Qantara.de : Scandal over Islamic holdings. Financial fraud in the name of God. , November 29, 2006
  9. ↑ Page no longer available , search in web archives: Yimpaş owner awarded in spite of allegations , Ankara Turkish Daily News, November 9, 2006@1@ 2Template: Dead Link / www.turkishdailynews.com.tr
  10. ↑ Suspected investment fraud in the billions ( memento of April 7, 2014 in the Internet Archive ), Schweizer Fernsehen SF, 10vor10 archive broadcast of September 11, 2003
  11. ^ Money from emigrated Turks in dark channels , Neue Zürcher Zeitung, August 18, 2005
  12. ↑ Investment company Yimpaş has to repay money , Neue Luzerner Zeitung, July 18, 2006
  13. ↑ Yimpaş has to pay back money to investors (PDF; 17 kB), Sunday newspaper, July 16, 2006
  14. ^ Official Journal Nidwalden, issue 48 of November 28, 2007
  15. ↑ Publication in the Swiss Official Gazette of Commerce (SHAB) No. 211 of October 31, 2007, p. 9
  16. ↑ Publication in the Swiss Official Gazette of Commerce (SHAB) No. 32 of February 15, 2008, p. 9
  17. ↑ Publication in the Swiss Official Gazette of Commerce (SHAB) No. 99 of May 26, 2008, p. 12
  18. ↑ Publication in the Swiss Official Gazette of Commerce (SHAB) No. 189 of September 29, 2011, p. 10
  19. ↑ Publication in the Swiss Official Gazette of Commerce (SHAB) No. 193 of October 5, 2011, p. 12
  20. ^ Center for Turkish Studies : Turkey Yearbook of the Center for Turkish Studies 2000/2001 , LIT Verlag Berlin, ISBN 3-82585408-6 , page 71f.
  21. ↑ The lost treasure. German Turks lost billions in businessmen , Die Zeit on November 9, 2006
  22. ↑ Pascal Beucker : Rip off in the name of Allah , TAZ on May 24, 2004
  23. ↑ a b Yüksel Uğurlu and Cornelia Uebel: “Bankruptcy in the name of Allah. How Islamic traders exempt the German Turks ” ( Memento of November 7, 2004 in the Internet Archive ), WDR documentation on May 24, 2004