Halit Cingillioglu is a member of one of Turkey’s prominent banking families and has worked for various banks, brokerage houses, insurance companies, and the Istanbul Stock Exchange (as a board member) since the early 1970s. He’s the founder and principal shareholder of C Group, a Turkish banking and financial-services conglomerate, and the former chairman of Demirbank, which was seized by the Turkish government in 2001. According to a 2001 New York Times article, Cingillioglu may have used the bank’s money to purchase nine paintings by Monet, Renoir, Cézanne, and Picasso, which he auctioned the same year at Sotheby’s, on whose advisory council he sits.
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