Reza Zarrab’s company becomes Turkey’s largest 13th exporter
ISTANBULVolgam Gıda, which is owned by Reza Zarrab, who was embroiled in Turkey’s huge graft probe that went public in December 2013, was ranked 13 among 1,000 top exporters of the country in 2014, daily Habertürk has reported.
Volgam Gıda, 100 percent of which is owned by Zarrab according to the trade records, became Turkey’s 13th biggest exporter in 2014 with exports worth around $847 million in the Exporters’ Assembly of Turkey’s (TİM) list of 1,000 top exporters.
Almost all of Volgam Gıda’s exports were comprised of jewelry exports in 2014, when Turkey’s jewelry exports saw record rises, up to $3 billion.
The company did not even feature in 2013 top 1,000 list.
Volgam Gıda’s jewelry exports rose by around 5,123 percent in 2014 from the previous year, making around 30 percent of Turkey’s total jewelry exports in 2014.
According to the trade records of the Istanbul Chamber of Commerce, Volgam Gıda was established in March 2011.