IBOV 172,060.43 ▲ 0.42% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL5.59▲ 0.06% USD/MXN18.57▼ 0.17% USD/CLP982.08▼ 0.22% USD/COP3,279▼ 0.87% USD/PEN3.41▼ 0.02% USD/ARS1,544▼ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,174▲ 3.14% USD/BOB11.63▲ 1.12% USD/DOP60.48▲ 0.05% USD/CRC446.01▲ 1.79% USD/GTQ7.64▲ 3.16% USD/HNL26.90▲ 3.29% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.41% USD/TTD6.72▲ 2.22% EUR/BRL6.20▼ 0.52% BRENT 92.70 ▼ 0.06% WTI 86.31 ▼ 0.25% IRON ORE 161.91 — — COPPER 6.22 ▼ 0.87% GOLD 3,941 ▼ 1.48% SILVER 51.06 ▼ 1.58% SOY 1,225 ▼ 0.31% CORN 446.75 ▼ 0.28% WHEAT 598.00 ▼ 0.25% COFFEE 267.45 ▼ 0.58% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.64 ▲ 5.25% COCOA 4,923 ▲ 3.82% BEEF 218.98 ▼ 0.10% CATTLE 332.63 ▲ 0.69% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20% IBOV 172,060.43 ▲ 0.42% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.01% USD/MXN 18.58 ▼ 0.11% USD/CLP 982.08 ▼ 0.22% USD/COP 3,288 ▼ 0.57% USD/PEN 3.41 ▼ 0.02% USD/ARS 1,544 ▼ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,174 ▲ 3.14% USD/BOB 11.63 ▲ 1.12% USD/DOP 60.48 ▲ 0.13% USD/CRC 446.01 ▲ 1.79% USD/GTQ 7.64 ▲ 3.16% USD/HNL 26.90 ▲ 3.29% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.41% USD/TTD 6.72 ▲ 2.22% EUR/BRL 6.19 ▼ 0.62% BRENT 92.70 ▼ 0.06% WTI 86.31 ▼ 0.25% IRON ORE 161.91 — — COPPER 6.22 ▼ 0.87% GOLD 3,941 ▼ 1.48% SILVER 51.06 ▼ 1.58% SOY 1,225 ▼ 0.31% CORN 446.75 ▼ 0.28% WHEAT 598.00 ▼ 0.25% COFFEE 267.45 ▼ 0.58% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.64 ▲ 5.25% COCOA 4,923 ▲ 3.82% BEEF 218.98 ▼ 0.10% CATTLE 332.63 ▲ 0.69% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20%
since 2009
Thursday, November 12, 2026

Politics - Brazil Rio de Janeiro

Turkey Asks For Extradition of Turkish-Brazilian Businessman

By · · 3 min read

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Turkish government of Recep Erdogan wants Brazil’s government to extradite Turkish-born businessman, Ali Sipahi, stating that he is part of a terrorist group, according to Brazilian media. Sipahi, who has Brazilian citizenship, was arrested on April 5th at São Paulo’s International airport as he arrived with his family from the United States.

Brazil,Ali Sipahi was arrested on April 5th as he arrived in Brazil with his family,
Ali Sipahi was arrested on April 5th as he arrived in Brazil with his family.
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Ali Sipahi is accused by the Erdogan Administration of joining Hizmet, a group controlling schools, banks and large companies, including communication, in several countries. The Turkish President classifies Hizmet as a terrorist group.

Turks living in Brazil, however, disagree with Turkey’s leader. “It (Hizmet) was never an armed group,” Kamil Ergin, representative of the Brazil-Turkey Cultural Center and Chamber of Commerce (CCBT) and a colleague of Sipahi at the Center was quoted as saying by online news website G1.

“(Brazil’s) Cultural Center is an entity inspired by Hizmet. It came to Brazil to maintain cultural bridges between our two countries. In Brazil, there are about 200, 250 people from the Hizmet community in Turkey, most of them have similar profiles as Ali (Sipahi), entrepreneurs,” added Ergin.

“We are very anxious about the request of extradition of a business friend from our community, sent by the Government of Turkey to Brazil. President Erdogan is a politician who uses all the resources of the state to combat the fundamental values of democracy and does not tolerate anyone who disagrees with it,” read an official statement by the Cultural Center.

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“It demonstrates a dictatorial leadership that arrests, by calling terrorists, judges, prosecutors, teachers, journalists, women, children and tens of thousands of innocent people, just because they think differently,” concluded the CCBT

The arrest and possible extradition of Sipahi has left some of his Turkish friends and co-workers concerned.

“We made many statements after the coup that happened in Turkey, criticizing even the President’s authoritarianism. I thought it would be a lot riskier (for me) to return, than my friend, who was already in jail,” said Mustafa Goktepe in a video interview to TV newschannel Globonews.

Brazil,Mustafa Goktepe is worried about coming back from New York after his friend got arrested.
Mustafa Goktepe is worried about coming back from New York after his friend got arrested.

Goktepe is Sipahi’s friend and business partner in a restaurant in São Paulo. Although he also obtained a Brazilian citizenship, Goktepe heard of Sipahi’s arrest in New York and postponed his return to Brazil.

“The Turkish government spares no effort to target Hizmet people and institutions operating overseas. In Brazil, in addition to the non-renewal of passports, they seek to close courses in the Turkish language that the movement promotes in universities and cultural activities developed in partnership with prominent Brazilian institutions,” said former President Fernando Henrique Cardoso, criticizing the arrest.

Brazil’s Foreign Ministry, Itamaraty, has yet to make a formal statement about the arrest or the request by Turkey’s government for extradition.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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