Mustafa Sarıgül assumes Şişli mayor role amid fraud probe allegations

Mustafa Sarıgül was named the mayor of Şişli on October 25, 2026. This appointment comes as a fraud probe investigates Sarıgül and his family. The investigation includes allegations that Sarıgül collected billions from zoning windfalls while serving as mayor of Şişli and invested the funds in Altınbaş Holding, a conglomerate involved in luxury hotels and properties abroad. Authorities have detained several businesspeople, including Sofu Altınbaş, in connection with the probe.

The fraud probe centers on allegations of financial misconduct tied to zoning and large-scale investments, including €600 million allegedly laundered by Altınbaş. The investigation has also implicated former municipal bureaucrats at Şişli municipality. The probe was initiated after two German businessmen claimed they were defrauded by Sarıgül and his family during a joint investment deal.