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.

Fund Investigation News Series

8 Oct 2026 22:38 İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.

8 Oct 2026 20:40 Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.

8 Oct 2026 16:40 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).

8 Oct 2026 16:40 YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.

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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