Uzan Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2003
Imar Bank fraud and state seizure of Uzan companies
Allegations of fraud involving Imar Bank led Turkish authorities to seize 219 companies connected with the Uzan Group. The liabilities were reported at approximately $5.7 billion, and the intervention effectively dismantled the conglomerate.
Libananco arbitration against Turkey
Libananco, a Cyprus-based company controlled by the Uzan family, sought approximately $10 billion in damages from Turkey over the seizure of group-related assets. An ICSID arbitration panel rejected the claim.