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Jewels and antiques worth $30M seized in raid at Istanbul’s historic Grand Bazaar

Jewels and antiques worth $30M seized in raid at Istanbul’s historic Grand Bazaar

Summary

Police in Istanbul conducted a raid at the historic Grand Bazaar, seizing jewels and antiques valued at $30 million. This action was part of an investigation into diamond smuggling, which resulted in the arrest of 50 people and the confiscation of valuable items.

Key Facts

  • Police seized jewels and antiques worth about $30 million at the Grand Bazaar in Istanbul.
  • The operation is tied to an inquiry into diamond smuggling.
  • Initially, 10 people were detained for smuggling gems into Turkey.
  • Police raided 23 businesses in the Grand Bazaar, arresting 40 more people.
  • Items confiscated include 135 pieces of jewelry, 1,132 precious metal ingots, and 267 historical artifacts.
  • The total value of the confiscated items is about 1.25 billion Turkish liras ($30.5 million).
  • Firearms and digital materials were also taken by the police.
  • The Grand Bazaar is a well-known tourist site with many small shops, established in the 15th century.
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