Türkiye EN

News scope

  • Global
  • Türkiye
  • Russia
  • Middle East
  • China

Language

You are reading news about Türkiye in English.

Language

Erdoğan tasks State Supervisory Council over fund crisis

Photo: Euronews Türkçe

This story is from 29 September 2026.

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe

President Recep Tayyip Erdoğan announced that he tasked the State Supervisory Council (DDK) over the fund crisis. He said they formed a board led by the Vice President to coordinate the process for funds ordered into liquidation.

Erdoğan said they clarified the next steps at a broadly attended meeting. He also said the problem in the fund market appeared in a limited segment and the financial system was strong.

Erdoğan tasks State Supervisory Council over fund crisis

Sources 25 sources

Fund Investigation News Series

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

  1. 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.
  2. 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.
  3. 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).
  4. 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.
  5. Erdoğan tasks State Supervisory Council over fund crisis President Recep Tayyip Erdoğan announced that he tasked the State Supervisory Council (DDK) over the fund crisis. He said they formed a board led by the Vice President to coordinate the process for funds ordered into liquidation.
List all (161)

Mentioned in this story

Share this story

gazete share card
Card theme