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English
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Evet (Yes)
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Hayır (No)
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09.08.2019
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Hayır (No)
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Pursuant to our material event disclosures dated 10.11.2016, 07.04.2017, 08.05.2017 and 09.08.2019; a TL 8.024.370,30 administrative fine was imposed on Vestel Ticaret AŞ, a 100% subsidiary of our Company, on the grounds that the company had violated the Law on the Protection of Competition No.4054 as per the decision of the Competition Board dated 07.11.2016 and numbered 16-37/628-279, Vestel Ticaret AŞ paid three-fourth of the administrative fine amounting to TL 6,018,277.72 on 06.04.2017 in accordance with the Article 55 of the Law No. 4054 and the Article 17/6 of the Law of Misdemeanor No. 5326. The lawsuit filed before the 6 th Administrative Court of Ankara for the cancellation of the administrative action was rejected, and the request of appeal against such decision was rejected afterwards, and finally, the request of cassation proceedings was also rejected by the reasoned decision of the 13 th Chamber of the Council of State dated 14.04.2022 and numbered E. 2019/3392, K. 2022/1688 and accordingly, the Board decision against Vestel Ticaret AŞ has become final.
This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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