Prosecutors in Turkiye have seized control of a 121-company conglomerate, which includes three major television stations, and ordered the arrest of 10 of its executives on fraud charges, according to media reports.

The arrest order on Thursday targeted management at Can Holding, which is known for its energy and education assets, and which last year acquired prominent TV channels including Haberturk, Show TV and Bloomberg HT, an affiliate of Bloomberg News.

In a statement published in Turkish media, prosecutors in the Istanbul district of Kucukcekmece said they had uncovered evidence that “an organisation was established to commit crimes through companies operating under Can Holding … including fraud, tax evasion … and money laundering”.

It ordered the arrest of 10 people, including Can

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