Asset freezes remain for managers of 7 funds liquidated by Capital Markets Board

Latest in the series Erdin Ozel and Emir Munir Sarpyener arrested in fund probe 2 Oct, 00:56

The Istanbul Chief Public Prosecutor's Office announced that asset measures on the managers of 7 funds ordered into liquidation by the Capital Markets Board (SPK) remain in force.

The Chief Public Prosecutor's Office's money laundering investigation bureau said restriction orders on managers of Tera, Pusula, Hedef, Atlas, A1 Capital, Pardus and Bulls Portföy had not been lifted. The managers' financial room for manoeuvre remains restricted by the measures as their judicial process continues.

Asset freezes remain for managers of 7 funds liquidated by Capital Markets Board

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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

2 Oct 2026 00:56 Erdin Ozel and Emir Munir Sarpyener arrested in fund probe Tera Portfolio Board Chairman Erdin Ozel and Tera Investment CEO Emir Munir Sarpyener were arrested in the fund investigation. The number of arrested suspects in the probe rose to 58.
1 Oct 2026 22:55 Treasury bonds in Tera funds put up for sale Treasury bonds in Tera Portföy funds are being put up for sale under the liquidation decision of the Capital Markets Board (SPK).
1 Oct 2026 21:19 Şimşek: troubled portfolio managers and funds quarantined Turkish Treasury and Finance Minister Mehmet Şimşek said troubled portfolio management companies and related funds had been quarantined, and a liquidation and resolution process had begun.
1 Oct 2026 20:50 Turkish savings fund exercises rights over 99.99% stake in bank The Savings Deposit Insurance Fund (TMSF) decided to exercise shareholder rights, excluding dividends, attached to Destek Finans Faktoring's 99.99% stake in Destek Yatırım Bankası. The company's board members and general manager were dismissed.
1 Oct 2026 12:18 Asset freezes remain for managers of 7 funds liquidated by Capital Markets Board The Istanbul Chief Public Prosecutor's Office announced that asset measures on the managers of 7 funds ordered into liquidation by the Capital Markets Board (SPK) remain in force.