The Big Take
Tycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt Mountain
After years of finger-pointing over the collapse of one real-estate company, Cevdet Caner has helped build a new one — and questions are flying again.
Cevdet Caner in London, 2009.
Photographer: Chris Ratcliffe/Bloomberg
The email lit up inboxes at six of the world’s biggest banks.
A wealthy businessman by the name of Cevdet Caner, the anonymous sender wrote, seemed to be headed for trouble.