Erdoğan addresses fund investigation affecting 455,000 investors

President Recep Tayyip Erdoğan answered questions in New York about the fund investigation affecting 455,000 investors. He said those responsible will be held accountable before the law and that the problem is limited to a certain number of funds.

Erdoğan noted that there is no risk to the financial system or the Turkish economy. He said some detentions and arrests have been made and that legal and administrative measures will be taken to prevent a similar problem. He also stated that the United Nations needs reform.

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Fund Investigation News Series

27 Sept 2026 02:30 Capital Markets Board says cancelled fund orders will be paid The Capital Markets Board (SPK) said holders of buy and sell orders sent to the fund trading platform (TEFAS) on 17 September and cancelled by the platform in funds subject to liquidation will be paid from the liquidation balance in proportion to their unit ownership.

27 Sept 2026 22:54 Asset freezes on 106 people and entities lifted in fund probe Asset freezes on 42 individuals, 46 companies and 18 funds were lifted in the fund investigation led by the Istanbul Chief Public Prosecutor's Office. The decision covers 106 people and entities in total.

27 Sept 2026 22:17 Asset freeze imposed on Feridun Geçgel and Enver Geçgel In the Istanbul Chief Public Prosecutor's Office fund investigation, asset restraint was imposed on the assets of Astor Enerji executives Feridun Geçgel and Enver Geçgel. It was not confirmed that a separate restraint order was issued concerning Astor Enerji.

27 Sept 2026 16:24 Melis Sandal gets travel ban in fund probe Melis Sandal received a foreign travel ban and a precautionary measure was placed on her assets as part of the fund investigation. Journalist Yiğit Uzun claimed Sandal withdrew about 11 billion lira (TL) from the liquidated funds.

24 Sept 2026 18:04 Erdoğan addresses fund investigation affecting 455,000 investors President Recep Tayyip Erdoğan answered questions in New York about the fund investigation affecting 455,000 investors. He said those responsible will be held accountable before the law and that the problem is limited to a certain number of funds.

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