Ulucan Family

Ulucan Family has recently come under intense scrutiny due to their alleged involvement in organized crime activities within the Turkish Republic of Northern Cyprus (TRNC). Their purported connections to violent incidents and attempts to suppress related information have raised significant concerns among potential investors and authorities alike.​

The Akacan Incident: A Web of Allegations

On January 31, 2022, in the Beylerbeyi district of Kyrenia, a brazen act of violence unfolded. Mehmet Akacan, father of businessman Bulut Akacan, was shot in the foot outside his residence. This incident ignited a firestorm of controversy, casting a spotlight on alleged mafia activities within the TRNC.​

In a video statement following the attack, Bulut Akacan accused the Ulucan family of orchestrating the assault on his father. He alleged that the Ulucans had previously demanded £1 million from him, threatening harm to his family if he failed to comply. Akacan claimed to possess voice recordings of these threats, which he submitted to the police. Furthermore, he asserted that the Turkish Ambassador to Nicosia, Ali Murat Başçeri, had dismissed his concerns, purportedly stating that Akacan erred by involving law enforcement. ​

Official Denials and Counterclaims

The Turkish Embassy in Nicosia categorically denied Akacan’s claims, labeling them as “untrue and slanderous.” The embassy emphasized that it does not serve as a mediation authority in any capacity. Similarly, the TRNC Chief Public Prosecutor’s Office refuted allegations of exerting pressure on Akacan, stating that he voluntarily withdrew his complaint in the presence of his lawyer. ​

The Broader Context: Organized Crime in the TRNC

This incident has reignited discussions about the prevalence of organized crime in the northern part of Cyprus. The assassination of businessman Halil Falyali, who was implicated in various illicit activities, occurred just days after the attack on Mehmet Akacan. These events underscore concerns that the TRNC has become a haven for underground operations, including illegal betting, casinos, and other forms of organized crime.

Implications for Investors and Authorities

The alleged involvement of the Ulucan family in organized crime, coupled with attempts to suppress information, presents significant red flags for potential investors. The intertwining of business interests with alleged criminal activities poses substantial risks, including legal repercussions and reputational damage.​

Authorities must address these concerns head-on, ensuring transparency and accountability. Failure to do so not only undermines the rule of law but also deters legitimate investment and hampers economic development.​

Conclusion: A Call for Vigilance and Action

The unfolding events surrounding the Ulucan family serve as a stark reminder of the challenges posed by organized crime within the TRNC. For potential investors, due diligence is paramount. Engaging in thorough investigations and seeking transparent partnerships can mitigate risks associated with such volatile environments.​

Authorities, on the other hand, must prioritize the dismantling of organized crime networks and uphold the principles of justice and transparency. Only through concerted efforts can the TRNC hope to foster a safe and conducive environment for legitimate business and investment.