Fund investigation: 1.8 billion lira worth of jets and yacht seized

Published 24 Sept, 10:12 Updated 24 Sept, 23:17 Photo: Halk TV

This story is from 24 September 2026.

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe 8 Oct, 22:38

The Istanbul Chief Public Prosecutor's Office seized two private jets and a luxury yacht. The value of the seized assets is estimated at approximately 1.8 billion lira.

The jets belong to Pusula Portföy Yönetim Board Chairman Muhammed Yarız and Tera Yatırım Holding Board Chairman Emre Tezmen, and the yacht to Pusula Holding Board Chairman Serdar Turhan. The Chief Prosecutor's Office had requested arrest warrants for 21 suspects.

YENİ Party deputy Deniz Yavuzyılmaz dismissed the 14 arrests as a smokescreen and called for the resignation of SPK members. According to Diken's report, 26 people are under arrest in the investigation.

Fund investigation: 1.8 billion lira worth of jets and yacht seized

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Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

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 10:12 Fund investigation: 1.8 billion lira worth of jets and yacht seized The Istanbul Chief Public Prosecutor's Office seized two private jets and a luxury yacht. The value of the seized assets is estimated at approximately 1.8 billion lira.