Cavit Çağlar

Cavit Çağlar is a Turkish businessman and politician and convicted felon. In 2004 he was sentenced to three years ten months for bank fraud, a $7.4m business bank loan for personal use, leading to the bankruptcy of İnterbank. He had been elected to the Grand National Assembly of Turkey (TBMM) for the True Path Party (DYP) in 1991, serving as a Minister of State responsible for state-owned banks. He resigned from the DYP in 1996, remaining in parliament as an independent until 1999. He had been a major financial contributor to the political comeback of President Süleyman Demirel.