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Turkey's first and largest shared scooter brand "Martı" has been put under investigation bythe Competition Board of the Turkish State on suspicion of damaging competition. Martı announced last week that it would open on the NYSE New York Stock Exchange. According to the announcement on the Competition Authority's website, the preliminaryinvestigation conducted on the allegation that Martı İleri Teknoloji A.Ş. has a dominantposition in the relevant product market and violates Articles 4 and 6 of the Law on theProtection of Competition by abusing its dominant position with its exclusionary actions on itscompetitors. It was decided by the board. Discussing the information, documents and findings obtained in the preliminary research, theBoard found the findings serious and sufficient and decided to open an investigation againstMartı Ileri Teknoloji A.Ş. to determine whether it violated the relevant articles of the law. Moreover, two months ago, in the statement made by the Minister of Commerce of Turkey, itwas announced that the Martı brand allegedly brought the scooters by smuggling customsand an investigation was started on this. For a brand that is on the verge of opening up to the world's largest stock market, it is aquestion mark what will these serious allegations bring and whether the New York StockExchange will accept the dubious brand. Translated and compiled from https://www.ntv.com.tr/ekonomi/martiya-rekabet-sorusturmasi,6v-FsHSRYU-b0QogRYmMsA

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Turkey’s largest and first scooter company “Martı” Under Competition Investigation

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Turkey’s largest and first scooter company “Martı” Under Competition Investigation

Crypto Hot News

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