Turkish Fund Denies Financial Support to Hamas After US Sanctions on Shareholders

The Turkish real estate investment fund Trend Geo responded to the United States imposing sanctions on three of its shareholders for allegedly aiding Hamas, stating that it does not provide financial support to any organization. The United States announced a second round of sanctions targeting the Islamic Resistance Movement (Hamas) following the attack it launched on Israel this month, which includes a Hamas official in Iran and members of the Iranian Revolutionary Guard. The U.S. Treasury Department's statement indicated that the sanctions target what it claims are the three main shareholders in Trend Geo, including the company's president and a board member. Trend Geo stated that it was established with foreign capital, operates as a profit-seeking institution, and is subject to regular audits by the Turkish Capital Markets Board, which operates according to the principle of transparency. The statement released yesterday, Sunday, said: "Our company does not provide financial support to any organization and it is impossible for it to do so given the laws it is subject to."