KSK Construction, which the feds suspect funneled Turkish cash into Eric Adams' campaign, got massive loans from a bank controlled by the Turkish government.
last week, it thrust the mayor's relationship with interests in a faraway country to the core of city politics.through local straw donors—is KSK Construction. And a Daily Beast investigation into KSK reveals a key piece of information: how much the company has relied on a bank under the Turkish government’s control for financial help.
Instead, the documents The Daily Beast uncovered show that an arm of the Turkish state has long bankrolled KSK’s activities in New York City.granted to a subsidiary called MKD Group for the development of residential properties in Brooklyn in 2010, as well asin financing for an office complex near the borough’s waterfront that the institution extended to a different KSK affiliate, 160 Dikeman LLC.
This isn't the only example. Another documented Adams donor, Sertac Varol—who New York City campaign finance filings describe as a “partner” at KSK—signed documents in 2015 for a company called Citadel Development Corp to receive aThe company has also provided loans to Aysun Kahyaoglu, a project manager at KSK, and her husband Faik and son Suleyman, who run SKF Electrical, a
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