Little time? End of the text there’s a summary.
With the merchant’s honor is such a thing. For some, this is a noble word, for others a mere empty words.
Vural Öger one can probably safely count to the other. Former tourism entrepreneur and founder of Öger Tours indulged long in the role of Zampanos. Model, self-made millionaire, MEPs, entertainers – since 2014 he was one of the judges in the Vox show “The Cave Lion”, a casting show, vying for the startups to investors’ funds.However, with the given word, the honor and the credibility it did not seem so far away at the Hamburg businessman. Multiple secured Öger the young entrepreneurs in the mission to invest in their product and work with them on several occasions he wanted it later appeared to know nothing more. On several occasions, candidates complained afterwards about the jurors Öger.
As on the stage acted Öger apparently in real life. At the least the verge of insolvency of his own travel company V.Ö. Travel (Voet) and Öger Türk Tur (ÖTT). He made promises, swore cooperation, tricked and deceived but apparently when it was tight. Until he finally withdrew completely. Before he gave a few interviews, one of which was entitled “About money one does not speak”.
But there are just a few people who want to quite like to talk to him about money.
“We have at each booking lost money”
on December 30, 2015 Öger announced his company Voet insolvency. On 4 January 2016, the bankruptcy of another company branch ÖTT he even renamed Türk Fly on the day of the bankruptcy followed. “We have lost money every time you book” Öger barmte in the “world”. “The market for Turkey Travel is totally collapsed.” Reasons were the Syria war and the uncertain situation in the Arab world. “People do not do decide to go, where are the beaches of thousands of refugees,” said the former model entrepreneur in February
What Öger but did not say. With its package holiday company Voet he made only a fraction of its Business. He had long since with ÖTT to another – postponed field of so-called ethnic traffic – much more lucrative; So on Turks living in Germany who regularly fly to their home. Regardless of the political situation in Syria. And this business is extremely stable to date.
In 1991 began Ögers cooperation with SunExpress, a joint venture between Turkish Airlines and Lufthansa. ÖTT chartered aircraft by SunExpress and flew at his own expense and risk. From 2010 both established the cooperation on a new basis.
Öger came henceforth no longer primarily as tour operators, but only as a ticket agency. He sold the tickets for SunExpress without own risk at more than 1000 smaller travel agencies and collected for SunExpress handsome commission – depending on the success of up to ten percent.
Between 2010 and 2015, Öger said to have made around 350 million euros with the sale of tickets for SunExpress, his commission was reportedly close to 40 million euros. Not a bad deal, especially since hardly incurred costs because Öger employed few staff. Öger had a long time so far-reaching methods of payment that he had to then pay the ticket sales less his commission to SunExpress if the travelers had begun the flight – so in some cases several months after purchase of the tickets. A lot of time to work with the money.
But in September 2015 stopped the business relationship. Öger had not been paid for months, there were liabilities amounting to around 17 million euros accrued that he alone SunExpress owed. SunExpress insisted on payment, Öger appeased and agreed with his partner installment payments over 30 months. In support of its solvency even he signed a letter of guarantee. The consequence: Öger stuck with his private fortune when his company ÖTT where payments should not afford
Öger cared intensely about minimizing his fortune
. this is exactly what should be now entered. By late summer 2015, it became clear that Ögers company rates either could not pay – or did not want to pay. After a new contract and the guarantee were signed over Öger had still good every 14 days, the revenue from ticket sales and the first installment of its residues. But already the second installment due in late November remained Öger guilty.
In January, shortly after the bankruptcy, Öger let his longtime partner SunExpress notified through his lawyer that he was no longer able to pay. An assertion that, at least based on companies should agree. According to the Federal Gazette is a “threat of mass inadequacy” before. The “time” is Öger hurried but tell time, it was merely a corporate bankruptcy, it does not go to his private assets.
But he did not have exactly thus vouch for the debt? At least for those who he had with SunExpress, one of its main creditors? As SPIEGEL ONLINE suggest present documents Öger had used the month to minimize his fortune tricky. He was apparently eager to work.
- On November 24, 2015, it is selling his private villa in Hamburg to his longtime buddy H. K., by connecting it many common transactions. A veritable bargain, only 1.6 million euros demanded Öger for the 2239 square meter property in the noble district Othmarschen. Compared to the market value of similar properties but the estimated value of the property is at least 2.5 million euros.
- On December 11, 2015 was Öger shares of its investment and Beteiligungsgesellschaft GmbH to his son
- on December 15, 2015, it is sold a plot on the Elbchaussee.
- on the same day the sale of its 750-square-foot office building was on, to the company of his close business associate SG, again for a knockdown price of 850,000 euros, although the value is taxed according to a comparative market analysis to 1.24 million.
- a day later Öger overwrote its shares of Öger Consulting GmbH to his son and sidekick SG, who also took over the office complex.
- on 18 December, Öger parted with his shares in Öger and HK Yapi Taahhut Insaat Ticarte Limited Sirketi and she wrote to HK who had already bought the private residence.
- One day before Christmas eve followed the sale of three properties in Bodrum, Turkey. Whom well? Buddy H.K
- One day after the bankruptcy of Fly Turk, formerly ÖTT, on 5 January 2016:. Transmission of an olive grove in Bodrum on Ögers daughter for just 20.000 Turkish Lira (around 6,000 euros). Actual value 850,000 Turkish lira (about 260,000 euros), for this price it was anyway resold the following February.
- Finally, on 18 January 2016 sold Öger two groves, this time for citrus fruit and figs, again to his friend HK . For some 20,000 Turkish Lira, who sold it shortly thereafter for the 40-fold to a Turkish Bank
The mass sale of its property and land could for Öger probably have only one purpose: to anticipate poorer , Because creditors can seize at least houses and fields if not get their money. If they no longer are but in the debtor’s possession,
SunExpress but is that difficult. Wanted obviously not accept and went legal action against Öger. With success: Based on the agreement signed by Öger personal guarantee, the joint venture of Lufthansa and Turkish Airlines, struggled to a so-called certificate process. Additionally SunExpress pursued a request for seizure to secure the potential claim to payment from the court proceedings.
On May 6, the Landgericht Frankfurt am Main issued against Öger this attachment order. What sounds like a warrant and after the end of personal freedom, is initially only times a restriction on the personal wealth – even if that is almost equivalent to some. With an attachment order should be ensured that creditors have access to values, they are entitled to.
In the case of SunExpress is probably so. “To have a right at least in the claimed amount from the joint and several guarantee (…)” The joint venture of Lufthansa and Turkish Airlines have made credible, the court, against Öger – ie in the amount of approximately 17 million euros.
But what is even more relevant: The court ruled that the arrest reason was credible – ie the current assets offset by Öger. Now it was a matter of “that is to execute the coveted certificate in process title thwarted without imposition of arrest, or at least difficult”. Disposals of existing assets and the “squandering” and “concealment of its fate” the Court considers it sufficiently proven.
So to the Turkish-born entrepreneur threatens nothing other than that all his nice deal with relationship and friends undone be – and thus at least a majority of the values fall into the hands of his creditors
It is arbitrary mention
Öger sent word through his lawyer. that he could not comment on details due to ongoing legal disputes between Öger and SunExpress. However,
Individual measures of SunExpress since 2010 could only be interpreted to mean that the former trading partner “has worked hard to ÖTT out of the market,” said Ögers lawyer. There is talk of coercion, and of non-conforming accounting of arbitrary. A market participation was made impossible
Finally, it is even politically. Öger stood as a liberal, pro-Western oriented secular contractor for values that “under the current Turkish government have a different status.” So it had been “the Turkish part of the joint venture company SunExpress, which has prevented an amicable settlement of the outstanding issues between Mr Öger and SunExpress” said Ögers attorney.
SunExpress did not want to process express.
From his beloved adopted home Hamburg Öger has apparently averted. Where he is staying now is unclear. The lawyer writes, “in Germany”, a former employee says “in Istanbul,” the arrest decision went to an address in Munich, but there he is obviously not to be found.
There is a deep case for the previous model entrepreneur who has a penchant for expensive cufflinks. From the judges role in Vox he withdrew year before half because of bankruptcies. His office he once adorned with the Order of Merit, staffierte it with photos of him and Johannes Rau, and he and Fidel Castro, presented his many awards and noble paintings.
But it is quite possible that Öger located future is as in TV studios and executive offices often staying in the neon-lit courtrooms
in summary:. against the insolvent tourism entrepreneur Vural Öger has a believer an attachment order obtained. The reason: Öger had the creditor against a letter of guarantee signed, obliging him to settle outstanding debts of his company private. To avoid having to minimize personal assets indicate Öger has numerous real estate, land and corporate shares sold apparently under value.
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