Turkey. From the list of Forbes - behind bars

Turkish billionaire Mehmet Karamehmet was 11 years and 8 months in prison for embezzlement of bank funds Pamukbank, which he belonged until 2002. Businessman, in particular, is accused of misuse of loans issued by the bank. In addition to the prison sentence of the court included a fine of 472 million Turkish liras (about 227 million euros). The defense still has a chance to appeal the verdict. The court did not conclude Karamehmet custody, taking him on his own recognizance. According to magazine Forbes, in 2009, Mehmet Karamehmet was the second largest state of the person in Turkey. He owns a holding company Cukurova Group, which, in particular, has a 14 percent stake in the largest Turkish mobile operator Turkcell. Pamukbank Karamehmet owned until 2002, then because of defaults on loans it was nationalized by the Turkish authorities. As a result of the financial difficulties encountered Karamehmet was forced to sell the second belonged to his bank Yapi Kredi, to pay more than 4 billion to the deposit insurance.