A man arrested in Korkuteli for illegal loans at 40% annual interest

In Korkuteli, a 39-year-old man with the initials M.A. was arrested on suspicion of illegally issuing loans with an excessively high interest rate. According to the police, the incident occurred in May 2025, when M.A. granted a loan to a citizen without the required authorization. The interest rate was 40% per year, which is considered usury.

The information about the arrest was confirmed by law enforcement. Investigative actions are ongoing. Details about the victim’s identity, the loan amount, or other circumstances of the case have not been disclosed.

In Turkey, lending activities without a license are strictly regulated, and violations of the law can result in serious criminal liability. The police reported that the suspect was taken into custody as part of the investigation.

The investigation is continuing, and new details of the case are expected soon.