[6][7] In 1997, Caner founded Call & Logistik Center GesmbH (CLC) and became its managing director.
[3][10] In 2005, Cevdet Caner founded the real estate holding company Level One, registered on the Channel Island of Jersey.
[6] Credit Suisse, JP Morgan, Royal Bank of Scotland and other British firms invested into Level One.
[11] Credit Suisse, the largest lender, approved a total of €1.3 billion in loans to Level One, and also served as leading bank for the IPO planned for March 2007.
[11] In 2008, the real estate group filed for bankruptcy for its German property companies.
[12] Around 20,000 apartments and 500 commercial properties, primarily in Berlin and eastern Germany, were affected.