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Türkiye on Friday, 18 September 2026

Today's summary

Friday, 18 September, Türkiye's Agenda: Market volatility and judicial files

The Capital Markets Board (SPK) assigned İş Bank and Ziraat Bank to liquidate 130 funds belonging to seven portfolio companies; the BIST 100 closed the week at 13,284 points, down 8.18%. Justice Minister Akın Gürlek announced that 20 people were arrested in investigations into manipulative transactions and that 51 people were banned from traveling abroad.

The Capital Markets Board (SPK) assigned İş Bank and Ziraat Bank to liquidate 130 funds belonging to seven portfolio companies; the BIST 100 closed the week at 13,284 points, down 8.18%. Justice Minister Akın Gürlek announced that 20 people were arrested in investigations into manipulative transactions and that 51 people were banned from traveling abroad.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberBloomberg HTBloomberg HTAykırıAykırıAl-MonitorAl-Monitor+29

In the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT official Kaşif Kozinoğlu. The Istanbul 33rd Heavy Penal Court accepted the additional indictment of 29 people, including arrested President Ekrem İmamoğlu, in the investigation into Istanbul Metropolitan Municipality (İBB) subsidiaries, merging it with the main case; the number of defendants rose to 435.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkBianetBianetAykırıAykırıBBC TürkçeBBC Türkçe+35

In foreign policy, US Ambassador to Ankara Tom Barrack announced that President Recep Tayyip Erdoğan and US President Donald Trump will meet in New York.A HaberA Haber

4 updates

Added

  • The Capital Markets Board (SPK) assigned İş Bank and Ziraat Bank to liquidate 130 funds belonging to seven portfolio companies; the BIST 100 closed the week at 13,284 points, down 8.18%. Justice Minister Akın Gürlek announced that 20 people were arrested in investigations into manipulative transactions and that 51 people were banned from traveling abroad.
  • In the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT official Kaşif Kozinoğlu. The Istanbul 33rd Heavy Penal Court accepted the additional indictment of 29 people, including arrested President Ekrem İmamoğlu, in the investigation into Istanbul Metropolitan Municipality (İBB) subsidiaries, merging it with the main case; the number of defendants rose to 435.
  • In foreign policy, US Ambassador to Ankara Tom Barrack announced that President Recep Tayyip Erdoğan and US President Donald Trump will meet in New York.
  • On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT operative Kaşif Kozinoğlu. Meanwhile, Istanbul's 33rd High Criminal Court accepted a supplementary indictment naming 29 people—including detained Mayor Ekrem İmamoğlu—in the investigation into an Istanbul Metropolitan Municipality (İBB) subsidiary, and merged it with the main case involving 414 defendants.
  • On foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Sources diverged on detention figures: the investigation targeting celebrities was reported to involve between 15 and 21 detentions, while the forex investigation figure was given as either 174 or 191.
  • The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies; the Treasury and Finance Ministry convened the Financial Stability Committee. BIST 100 closed the week down 8.18% at 13,284 points.
  • On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT official Kaşif Kozinoğlu. The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects in the İstanbul Metropolitan Municipality (İBB) subsidiary investigation.
  • In foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Detention figures diverged across sources: the investigation into celebrities was reported as involving between 15 and 20 people, while the forex investigation was reported as involving either 174 or 191 people.
  • The SPK assigned İş Bankası and Ziraat Bankası to oversee the liquidation of 131 funds belonging to seven portfolio management companies; as the crisis grew, it convened the Treasury's Financial Stability Committee, the TCMB increased repo funding and sold foreign currency. Justice Minister Yılmaz Tunç announced that 20 people had been arrested in investigations into manipulative transactions.

Removed

  • The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies; the Treasury and Finance Ministry convened the Financial Stability Committee. BIST 100 closed the week down 8.18% at 13,284 points.
  • On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT operative Kaşif Kozinoğlu. Meanwhile, Istanbul's 33rd High Criminal Court accepted a supplementary indictment naming 29 people—including detained Mayor Ekrem İmamoğlu—in the investigation into an Istanbul Metropolitan Municipality (İBB) subsidiary, and merged it with the main case involving 414 defendants.
  • On foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Sources diverged on detention figures: the investigation targeting celebrities was reported to involve between 15 and 21 detentions, while the forex investigation figure was given as either 174 or 191.
  • On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT official Kaşif Kozinoğlu. The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects in the İstanbul Metropolitan Municipality (İBB) subsidiary investigation.
  • In foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Detention figures diverged across sources: the investigation into celebrities was reported as involving between 15 and 20 people, while the forex investigation was reported as involving either 174 or 191 people.
  • The SPK assigned İş Bankası and Ziraat Bankası to oversee the liquidation of 131 funds belonging to seven portfolio management companies; as the crisis grew, it convened the Treasury's Financial Stability Committee, the TCMB increased repo funding and sold foreign currency. Justice Minister Yılmaz Tunç announced that 20 people had been arrested in investigations into manipulative transactions.
  • In politics, a court lifted the interim measures related to CHP Istanbul, while the exam authority ÖSYM's higher education counterpart YÖK asked universities to cover the "Terror-Free Türkiye" goal in their first lecture. U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York.
  • Outlets gave differing information on the scope of the fund liquidation and on the number of detentions and addresses in the forex investigation. Emphasis in two investigations concerning well-known figures also varied according to each outlet's editorial line.
  • The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies. Justice Minister Akın Gürlek announced that 20 people were arrested in manipulative trading investigations.

Capital Markets Board assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

Assets of 130 funds belonging to seven portfolio management companies will be converted to cash, with the process to be completed within three months at most. Treasury and Finance Minister Mehmet Şimşek said, "There is no structural problem in the stock market or the fund market."

Economy

Additional 29-person indictment accepted in İBB case, number of defendants rises to 435

Istanbul's 33rd High Criminal Court accepted and merged with the main case a 195-page supplementary indictment against 29 people, including jailed İstanbul Metropolitan Municipality (İBB) Mayor Ekrem İmamoğlu, in the Ağaç ve Peyzaj AŞ investigation; the number of defendants rose to 435 and the number of alleged acts to 155.

Politics

Gürlek: An election will be held in 2028 to re-elect the President

Justice Minister Akın Gürlek told the AK Party provincial organization in Adana, "We need to re-elect our President." CHP Chairman Özgür Özel said a decision for an early election would require 360 votes in the Grand National Assembly (TBMM), adding, "They won't be able to escape the ballot box."

Politics

Public institutions take steps in fund crisis, Central Bank foreign currency sales in focus

The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Türkiye Wealth Fund was reported to have made purchases on the stock exchange.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Politics 28

Murder and organized crime charges in Kozinoğlu investigation

In the investigation into the 2011 death of Kaşif Kozinoğlu at Silivri Prison, retired officials Hasan Ataman Yıldırım and Hasan Atilla Uğur were placed under house arrest on charges of "intentional killing," while then-Silivri Chief Public Prosecutor Ali İşgören and prison prosecutor Necip Doğan were referred to a magistrate's court with a request for arrest on charges of "membership in a criminal organization."

Politics

Court lifts injunction on CHP's Istanbul branch, Tekin's temporary duty ends

The Istanbul 45th Civil Court of First Instance lifted the interim injunctions dated September 2, 2025, citing "changed circumstances and conditions." Gürsel Tekin said that since Kemal Kılıçdaroğlu had appointed him as provincial chairman, his duty continued in an "appointed" capacity.

Politics

Higher Education Council sends letter to universities: "Terror-Free Türkiye" to be covered in first class

In a letter signed by YÖK Chairman Erol Özvar and sent to all universities, it was requested that the goal be covered at 2026-2027 academic year opening ceremonies and first classes, and that panels, conferences and workshops be organized.

Politics

Sözcü: Cemil Bayık says they will not disarm unless Abdullah Öcalan is freed

According to Sözcü, Cemil Bayık, a senior figure of the PKK (listed as a terrorist organization by Türkiye, the EU and the US), said in a statement on the process, "We will not lay down arms if Apo is not freed," and argued that the law passed in the Grand National Assembly (TBMM) does not meet their demands.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Debate over Erdoğan's re-candidacy: lawyer raises objection over election law

According to Yeniçağ, Presidential Chief Advisor Mehmet Uçum said "Erdoğan's candidacy is settled, there is no obstacle before him," while lawyer Ömer Faruk Eminağaoğlu argued, citing election law provisions, that running again is not possible.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Structure of the disarmament sub-commission under discussion

According to Nefes, the membership of the Disarmament and Strategic Coordination Sub-Commission, planned to be established under the "Terror-Free Türkiye" process, is being debated; Presidential Chief Advisor Mehmet Uçum said Abdullah Öcalan would "take a role" in the commission.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

EU says it is following detentions in "My Family Is Safe" operations with concern

In operations spanning 15 provinces, legal proceedings were reportedly launched against 162 suspects, 9 associations and 13 businesses. The EU said it was following the detentions and access blocks "with concern," had "noted" reports that most detainees were released, and reiterated its call for anti-discrimination recommendations to be implemented.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Police chiefs of 39 provinces changed by decree

According to a decree published in the Official Gazette, the police chiefs of 39 provinces were changed; a total of 69 appointments and duty changes were made in the central and provincial organizations, and the current chiefs of 24 provinces were placed at the disposal of the General Directorate of Security.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Türkşad Kunthan Uçuk suspended from duty, detention order issued

The Council of Judges and Prosecutors (HSK) Second Chamber unanimously decided to temporarily suspend Bozova Public Prosecutor Türkşad Kunthan Uçuk from duty for three months. Afterward, the Tekirdağ Chief Public Prosecutor's Office launched an ex officio investigation for "insulting a public official" and issued a detention order.

Politics

Sözcü: Parliament's eight-month health bill reaches 167.8 million lira

According to a report by Sözcü based on Treasury and Finance Ministry data, treatment and medical supply expenses for 592 members of parliament and their relatives totaled 165,252,000 lira between January and August, while drug expenses reached 2,562,000 lira.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

BirGün: MHP officials visited classrooms at a high school in Ankara

According to a BirGün report, MHP Deputy Chairman Mevlüt Karakaya along with provincial and district party officials entered classrooms at Ankara Social Sciences High School; the school principal announced the visit saying "assessments were made on Türkiye's future."

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

CHP Supreme Disciplinary Board closes files on members who left the party

The board halted investigations into 51 people who joined another party or resigned, under Article 71/15 of the party bylaws; Mezitli Mayor Ahmet Serkan Tuncer received a definitive expulsion penalty. One source also reported that the files of 9 members of parliament were closed.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Bahçeli describes the system as a "civilizational project" in his Ahilik Week message

MHP leader Devlet Bahçeli issued a written statement for Ahilik Week, describing the ahi tradition as a socio-economic model that shaped Anatolia from the 13th century onward, and calling it "the strongest and most functional guide" against ethical problems.

Politics

Çiftçi calls on governors for 'on-site assessment' in social aid

Interior Minister Mustafa Çiftçi, speaking at a meeting attended by the governors of all 81 provinces and foundation officials, said, "We are obliged to identify our citizens' needs in time and to meet those needs at the right time and place," and asked that foundation performance scorecards be monitored.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Sabah and Milliyet

Politics

Justice Minister Gürlek in Adana: 13th Judicial Package planned for October

Justice Minister Akın Gürlek met with judges and prosecutors at the Adana Courthouse, saying the 13th Judicial Package is planned to be enacted in October and that a scoring system has been introduced for appointments. Gürlek also met with young people in Adana.

2
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Cumhuriyet: It is being discussed that three lawmakers could move to AK Party in the new legislative year

According to information Cumhuriyet reported as coming from behind-the-scenes sources, the possibility that two İYİ Party lawmakers and one Yeni Parti lawmaker could join AK Party is being discussed for the legislative year starting on October 1. According to the newspaper, 19 lawmakers have moved to AK Party since the 2023 elections.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

YENİ Party's Yavuzyılmaz criticizes the nuclear power plant project in Sinop

YENİ Party Zonguldak MP Deniz Yavuzyılmaz said the land for the nuclear power plant planned in Sinop was about to be allocated to a foreign country "for a period reaching 100 years." The MPs met with journalists in Sinop and also raised the demand for a press profession law.

3
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Halk TV and Yeniçağ

Politics

Dervişoğlu makes statements on the process and İmralı claims

İYİ Party Chairman Müsavat Dervişoğlu, in an interview with Sözcü, said "The final word belongs to the nation" regarding the "Terror-Free Türkiye" process and described claims that a house was being built at İmralı for a convict as a "crime."

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Communications Directorate to hire 15 assistant experts without requiring KPSS

According to the announcement, the KPSS requirement is not sought for the exam application; the hiring is open to graduates of political science, economics and administrative sciences, business administration, economics, communications, and computer and software engineering. The process has three stages consisting of pre-elimination, field knowledge, and an oral exam, with an application fee of 1,100 lira.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Release decision for two people in Aziz İhsan Aktaş assassination plot case

Selahattin Yılmaz and Cem Duman, who had been held in pretrial detention for 13 months over an alleged armed attack plot targeting Aziz İhsan Aktaş, were ordered released after an objection to their detention. Duman was freed; Yılmaz will remain in prison because he is convicted in another case.

7
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+3: Evrensel, Yeniçağ and BirGün +4: Halk TV, Evrensel, Yeniçağ and BirGün

Politics

Gürlek: full weapons handover and National Security Council determination required for law to take effect

Justice Minister Akın Gürlek, speaking at the MHP Provincial Headquarters in Adana, said that for the regulation passed in the Grand National Assembly (TBMM) with 467 votes in favor to take effect, the organization must be dissolved with all its elements, weapons must be fully handed over, this must be determined and confirmed by the National Security Council (MGK), and the decision must be published in the Official Gazette.

5
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: TGRT Haber and Star

Politics

Official Gazette publishes approval of defence industry agreement with Brazil

The Official Gazette dated 18 September 2026 contained 15 regulations, including a decision approving the Defence Industry Cooperation Agreement between Türkiye and Brazil, along with decisions on railways, land consolidation and urgent expropriation.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Özgür Özel spoke in Bursa, called on Erdoğan to renew elections

YENİ Party Chairman Özgür Özel said in his speech following a march in Bursa that he had visited jailed Metropolitan Municipality Mayor Mustafa Bozbey in prison that morning, and called on President Recep Tayyip Erdoğan to "come and let's renew the elections in Bursa."

7
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Halk TV and Yeniçağ +3: Cumhuriyet, Halk TV and Yeniçağ

Politics

Meral Akşener Foundation established with initial assets of 5 million lira

The establishment of the Istanbul-based foundation of İYİ Party founding leader Meral Akşener has been completed; according to the Official Gazette, if the foundation is dissolved, its remaining assets will be transferred to the Mehmetçik Foundation.

4
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Politics

Economy 24

Erdoğan opens İstanbul Airport's 4th main runway running east-west

President Recep Tayyip Erdoğan said at the ceremony "We are in the Champions League of aviation" and noted that passenger numbers on domestic and international flights rose from 34.5 million in 2002 to more than 247 million in 2025. Transport and Infrastructure Minister Abdulkadir Uraloğlu said the 2,820-meter runway is the first built on an east-west axis.

Economy

Gürlek: 20 arrests in capital markets; 40 arrested in fruit-and-vegetable investigation

Justice Minister Akın Gürlek announced that 20 people had been arrested in manipulative trading investigations and that 51 people had been banned from leaving the country. In Istanbul's fresh fruit and vegetable pricing investigation, all 40 suspects referred to court were arrested.

Economy

Polemic between economist Ash and Sabah columnists in Tera dispute

According to Evrensel, British economist Timothy Ash described on X the presence of certain columnists on the boards of liquidated funds as a "conflict of interest"; the debate continued through Sabah columnists Kerem Alkin and Dilek Güngör.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Two executives leave Tera Finansal Yatırımlar and Hedef Holding

Erkan Kilimci, Deputy Chairman and General Manager of Tera Finansal Yatırımlar Holding, resigned of his own accord; Hedef Holding notified the Public Disclosure Platform (KAP) that board member Namık Kemal Gökalp resigned due to a legal process against him.

Economy

Financial Times: Problem in fund sector caused sharp drop in BIST 100

According to a report by Ekonomim citing the Financial Times, the BIST 100 index fell more than 8% during the week after a portfolio management company announced it could not meet redemption requests on some of its funds.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

Banking regulator BDDK revokes Bank Mellat's Istanbul branch operating license

Under a decision dated September 18, the banking regulator BDDK revoked the operating license of the Istanbul Türkiye Central Branch of Iran-based Bank Mellat, under paragraph (b) of the first clause of Article 71 of the Banking Law. The decision was published in the Official Gazette.

Economy

BirGün: Harvest season ended in losses for farmers, support payments below inflation

According to BirGün's report, producers suffered losses on many products from sunflower to hazelnut due to purchase prices and input costs; the newspaper reported that the state debt arising from the gap between the support envisaged in the Agriculture Law and the support actually paid amounted to approximately 2 trillion lira.

1
Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

Economy

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