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Fund investigation

16 September – 8 October 2026 Updated

  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.

    30
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Star, Haber7, Takvim, DHA, Türkiye Gazetesi, Hürriyet, Milat, Habertürk, A Haber, TGRT Haber and CNN Türk +12: Milliyet, Star, Haber7, Takvim, DHA, Türkiye Gazetesi, Hürriyet, Milat, Habertürk, A Haber, TGRT Haber and CNN Türk +4: Gazete Oksijen, Karar, Ekonomim and Dünya +5: ANKA Haber Ajansı, Gazete Oksijen, Karar, Ekonomim and Dünya +6: Yeniçağ, Sözcü, Nefes, Halk TV, soL Haber and BirGün +7: Cumhuriyet, Yeniçağ, Sözcü, Nefes, Halk TV, soL Haber and BirGün

    Economy

  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.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  5. Turkish Justice Ministry denies Özel's leak claim as 'baseless slander'

    The Turkish Justice Ministry denied YENİ Party leader Özgür Özel's claim that information was leaked by the ministry in the fund investigation, calling it baseless slander.

    22
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: NTV, TGRT Haber, Milliyet, Haber7, Türkiye Gazetesi, DHA and CNN Türk +8: Yeni Şafak, NTV, TGRT Haber, Milliyet, Haber7, Türkiye Gazetesi, DHA and CNN Türk +2: Gazete Oksijen and Ekonomim +3: Diken, Gazete Oksijen and Ekonomim +5: Nefes, Yeniçağ, BirGün, İlke TV and soL Haber +6: Halk TV, Nefes, Yeniçağ, BirGün, İlke TV and soL Haber

    Politics

  6. Göktaş rejects fund claims, says she will start legal action

    Family and Social Services Minister Mahinur Özdemir Göktaş rejected the claim that her father made a fund transaction. She said she would start legal proceedings against those who raised and spread the claims, and would resign if the claim is proven.

    21
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: Takvim, Star, Türkiye Gazetesi, Haber7, A Haber and CNN Türk +7: Yeni Şafak, Takvim, Star, Türkiye Gazetesi, Haber7, A Haber and CNN Türk +2: Serbestiyet and Karar +3: Gazete Oksijen, Serbestiyet and Karar +5: Yeniçağ, Halk TV, Evrensel, Nefes and Muhalif +6: Cumhuriyet, Yeniçağ, Halk TV, Evrensel, Nefes and Muhalif

    Politics

  7. Prosecutors warn on 'fund probe': legal action over false posts

    The Istanbul Chief Public Prosecutor's Office announced that ex officio legal proceedings will be opened against those sharing false social media posts about the "Fund Investigation."

    19
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +4: Star, Yeni Akit, Takvim and TGRT Haber +5: Türkiye Gazetesi, Star, Yeni Akit, Takvim and TGRT Haber +4: Serbestiyet, Diken, Dünya and Gazete Oksijen +5: Ekonomim, Serbestiyet, Diken, Dünya and Gazete Oksijen +4: Cumhuriyet, BirGün, Yeniçağ and Tele2 Haber +5: Halk TV, Cumhuriyet, BirGün, Yeniçağ and Tele2 Haber

    Economy

  8. Fatma Betül Sayan Kaya's AK Party membership ended

    The AK Party said former Family and Social Policies Minister Fatma Betül Sayan Kaya, named in the fund investigation, is no longer a party member. Kaya gave a statement as a suspect today with her husband.

    13
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Yeni Akit and Milat +2: Kısa Dalga and Ekonomim +4: Yeniçağ, Sözcü, soL Haber and İlke TV +5: Nefes, Yeniçağ, Sözcü, soL Haber and İlke TV

    Politics

  9. Bolat denies claim he closed fund account

    Turkish Trade Minister Ömer Bolat rejected claims he closed his fund account before an investigation. Bolat said the account is open and he made no trades before or after the investigation.

    28
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: Milliyet, Haber7, Hürriyet, Sabah, A Haber, Takvim, Milat, Yeni Akit and DHA +10: Star, Milliyet, Haber7, Hürriyet, Sabah, A Haber, Takvim, Milat, Yeni Akit and DHA +5: ANKA Haber Ajansı, Serbestiyet, Diken, Dünya and Gazete Oksijen +6: Bloomberg HT, ANKA Haber Ajansı, Serbestiyet, Diken, Dünya and Gazete Oksijen +6: Yeniçağ, BirGün, Oda TV, İlke TV, soL Haber and Cumhuriyet +7: Evrensel, Yeniçağ, BirGün, Oda TV, İlke TV, soL Haber and Cumhuriyet

    Politics

  10. Payouts start in 17 funds, completed in three funds

    The payout process for 43,643 investors in 17 funds of A1 Capital, Bulls and Pardus began today. Bulls Portföy announced that about 1.22 billion lira had been paid to 5,142 investors in three funds whose liquidation was completed.

    36
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Daily Sabah, NTV, Milat, Star, Yeni Şafak, Milliyet, Habertürk, Türkiye Gazetesi, CNN Türk, Yeni Akit and DHA +12: Hürriyet, Daily Sabah, NTV, Milat, Star, Yeni Şafak, Milliyet, Habertürk, Türkiye Gazetesi, CNN Türk, Yeni Akit and DHA +11: Dünya, ANKA Haber Ajansı, Medyascope, Karar, Gündem Kıbrıs, Ekonomim, Havadis, Kıbrıs Manşet, Diken, Bloomberg HT and Sigorta Gündem +12: Gazete Oksijen, Dünya, ANKA Haber Ajansı, Medyascope, Karar, Gündem Kıbrıs, Ekonomim, Havadis, Kıbrıs Manşet, Diken, Bloomberg HT and Sigorta Gündem +4: Nefes, soL Haber, Evrensel and Cumhuriyet +5: Halk TV, Nefes, soL Haber, Evrensel and Cumhuriyet

    Economy

  1. Fatma Betül Sayan İlyas Kaya's AK Party membership ends

    AK Party Secretary General Eyyüp Kadir İnan said Fatma Betül Sayan İlyas Kaya is no longer a party member. İnan said the procedures were carried out in line with President Recep Tayyip Erdoğan's instructions.

    21
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Yeni Şafak, Star and Takvim +4: Haber7, Yeni Şafak, Star and Takvim +4: Karar, Gazete Oksijen, ANKA Haber Ajansı and Bianet +5: Diken, Karar, Gazete Oksijen, ANKA Haber Ajansı and Bianet +7: Nefes, Cumhuriyet, Aykırı, BirGün, Evrensel, soL Haber and Yeniçağ +8: Sözcü, Nefes, Cumhuriyet, Aykırı, BirGün, Evrensel, soL Haber and Yeniçağ

    Politics

  2. Businessman Ali Emre Ballı buried as prosecutors open death probe

    Businessman Ali Emre Ballı, found dead in his car in Çekmeköy, was buried after funeral prayers at the Grand Çamlıca Mosque. The Istanbul Anatolian Chief Public Prosecutor's Office opened an investigation into the death.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    National

  4. Yılmaz says fund markets face no systemic risk

    Vice President Cevdet Yılmaz told the Turkish Grand National Assembly (TBMM) there was no systemic risk in fund markets and Treasury funds would not cover private losses. YENİ Party Izmir MP Ümit Özlale questioned Yılmaz about fund transactions by some ministers.

    30
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Milat, Takvim, Haber7, Yeni Akit, A Haber, Türkiye Gazetesi and Hürriyet +8: Star, Milat, Takvim, Haber7, Yeni Akit, A Haber, Türkiye Gazetesi and Hürriyet +7: Gündem Kıbrıs, Ekonomim, Gazete Oksijen, ANKA Haber Ajansı, Serbestiyet, Havadis and Kıbrıs Manşet +8: Dünya, Gündem Kıbrıs, Ekonomim, Gazete Oksijen, ANKA Haber Ajansı, Serbestiyet, Havadis and Kıbrıs Manşet +6: Halk TV, Yeniçağ, Nefes, Muhalif, Cumhuriyet and Evrensel +7: Sözcü, Halk TV, Yeniçağ, Nefes, Muhalif, Cumhuriyet and Evrensel

    Economy

  5. Karahan: No public funds to be used in fund liquidations

    Türkiye's central bank (TCMB) Governor Fatih Karahan announced a decision not to use public funds in the liquidation process of some investment funds. Karahan answered lawmakers' questions at the Turkish parliament's Planning and Budget Committee.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  6. Fatma Betül Sayan Kaya and husband testify in fund probe

    Former AK Party minister Fatma Betül Sayan Kaya and her husband testified as suspects in the Istanbul Chief Public Prosecutor's Office fund investigation and left the courthouse.

    28
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: CNN Türk, Milliyet, Haber7, Takvim, A Haber and Yeni Akit +7: Yeni Şafak, CNN Türk, Milliyet, Haber7, Takvim, A Haber and Yeni Akit +6: Dünya, Bianet, Medyascope, ANKA Haber Ajansı, PSM and Sigorta Gündem +7: Diken, Dünya, Bianet, Medyascope, ANKA Haber Ajansı, PSM and Sigorta Gündem +6: Cumhuriyet, Sözcü, Halk TV, İlke TV, Nefes and Yeniçağ +7: Evrensel, Cumhuriyet, Sözcü, Halk TV, İlke TV, Nefes and Yeniçağ +2: DW Türkçe and Euronews Türkçe

    Economy

  7. Erdoğan: We are taking steps to pay fund investors

    President Recep Tayyip Erdoğan said they are taking steps to pay fund investors as soon as possible. He said those who made unfair gains will answer before Turkish courts.

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Haber7, Hürriyet and A Haber +4: Habertürk, Haber7, Hürriyet and A Haber +2: Dünya and Bloomberg HT +3: Medyascope, Dünya and Bloomberg HT +2: Halk TV and Muhalif

    Economy

  10. Güler says no need yet for Turkish parliament probe into fund case

    AK Party group chair Abdullah Güler said there is currently no need to set up an inquiry commission in the Turkish Grand National Assembly (TBMM) into the fund investigation. Güler said, "The judiciary is working."

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: Türkiye Gazetesi, Star, Haber7, CNN Türk and Yeni Akit +6: Hürriyet, Türkiye Gazetesi, Star, Haber7, CNN Türk and Yeni Akit +2: Dünya and Diken +3: Yeniçağ, Cumhuriyet and BirGün +4: Sözcü, Yeniçağ, Cumhuriyet and BirGün

    Politics

  1. Ali Emre Ballı found dead in his car

    Adil Katılım Bank Chair Ali Emre Ballı, whose statement was taken in the fund probe, was found dead in Çekmeköy in his car with a gunshot wound to the head. Some documents were claimed to have been in his vehicle.

    27
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: TGRT Haber, Haber7, NTV, Yeni Şafak, Star and Milliyet +7: CNN Türk, TGRT Haber, Haber7, NTV, Yeni Şafak, Star and Milliyet +6: Serbestiyet, PSM, Gazete Oksijen, Diken, ANKA Haber Ajansı and Medyascope +7: Karar, Serbestiyet, PSM, Gazete Oksijen, Diken, ANKA Haber Ajansı and Medyascope +7: Evrensel, Nefes, İlke TV, soL Haber, Cumhuriyet, BirGün and Tele2 Haber +8: Sözcü, Evrensel, Nefes, İlke TV, soL Haber, Cumhuriyet, BirGün and Tele2 Haber

    National

  2. Fund wind-down bill foresees payment to 350,000 investors this month

    AK Party lawmakers have prepared a 10-article fund liquidation bill expected to be submitted to the Turkish Grand National Assembly (TBMM) speakership in the coming days. The bill foresees payment this month to 350,000 investors.

    27
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: A Haber, Star, Türkiye Gazetesi, Haber7, Milliyet, Hürriyet, Takvim, Milat and Yeni Akit +10: NTV, A Haber, Star, Türkiye Gazetesi, Haber7, Milliyet, Hürriyet, Takvim, Milat and Yeni Akit +7: Dünya, Ekonomim, Sigorta Gündem, Bloomberg HT, Serbestiyet, Medyascope and Diken +8: Gazete Oksijen, Dünya, Ekonomim, Sigorta Gündem, Bloomberg HT, Serbestiyet, Medyascope and Diken +2: İlke TV and Evrensel +3: BirGün, İlke TV and Evrensel

    Economy

  3. CHP calls for fund crisis inquiry in Turkish parliament

    CHP Deputy Group Chair Sevda Erdan Kılıç told the plenary that a parliamentary inquiry committee should be set up on the fund crisis. The opposition was reported to be preparing motions in the Turkish Grand National Assembly's (TBMM) new legislative year, while the ruling bloc looked unfavourably on a committee.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  4. Cevdet Yılmaz to brief Turkish parliament on fund investigation

    Vice President Cevdet Yılmaz will brief the General Assembly of the Turkish Grand National Assembly (TBMM) tomorrow on the fund investigation. The briefing will be open to the press.

    17
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: Star, Yeni Şafak, Takvim, Sabah, Haber7 and A Haber +7: Hürriyet, Star, Yeni Şafak, Takvim, Sabah, Haber7 and A Haber +4: BirGün, Cumhuriyet, Nefes and İlke TV +5: Sözcü, BirGün, Cumhuriyet, Nefes and İlke TV

    Economy

  5. Karahan says fund outflows moved to deposits as rent rises slowed

    Türkiye's central bank (TCMB) Chair Fatih Karahan told Turkish parliament's Planning and Budget Commission that most outflows from funds had moved into deposits and that rent increases had slowed.

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Takvim and DHA +3: Türkiye Gazetesi, Takvim and DHA +4: Dünya, Sigorta Gündem, ANKA Haber Ajansı and Gazete Oksijen +5: PSM, Dünya, Sigorta Gündem, ANKA Haber Ajansı and Gazete Oksijen +2: Yeniçağ and BirGün

    Economy

  6. Capital Markets Board denies ignoring 130 fund warnings

    The Capital Markets Board (SPK) rejected claims that it ignored Borsa Istanbul's (BIST) warnings about funds. The board said it imposed a total of about 3.7 billion lira in administrative fines in 2025 and the first nine months of 2026 and filed criminal complaints against 326 people.

    22
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: DHA, Türkiye Gazetesi and Star +4: TGRT Haber, DHA, Türkiye Gazetesi and Star +5: Diken, Dünya, Ekonomim, ANKA Haber Ajansı and Medyascope +6: Karar, Diken, Dünya, Ekonomim, ANKA Haber Ajansı and Medyascope +6: Yeniçağ, BirGün, Cumhuriyet, Nefes, soL Haber and İlke TV +7: Evrensel, Yeniçağ, BirGün, Cumhuriyet, Nefes, soL Haber and İlke TV

    Economy

  8. Funds in liquidation lose 34.3% of portfolio value in 15 days

    According to a Gedik Yatırım report, the size of investment funds in liquidation fell 34.3% in 15 days. As of Sept. 30, the value of funds under liquidation was calculated at 652.3 billion lira.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  11. Prosecutors allow Fatma Betül Sayan Kaya and husband to repay funds

    Former AK Party Deputy Chair Fatma Betül Sayan Kaya and her husband İlyas Kaya applied to return fund earnings. The Istanbul Chief Public Prosecutor's Office allowed payment into the Savings Deposit Insurance Fund (TMSF)'s voluntary repayment account.

    38
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: Türkiye Gazetesi, Hürriyet, TGRT Haber, DHA, Takvim, Haber7, Yeni Şafak, NTV and Star +10: A Haber, Türkiye Gazetesi, Hürriyet, TGRT Haber, DHA, Takvim, Haber7, Yeni Şafak, NTV and Star +8: Serbestiyet, PSM, Sigorta Gündem, Karar, Medyascope, Dünya, Bloomberg HT and Diken +9: Gazete Oksijen, Serbestiyet, PSM, Sigorta Gündem, Karar, Medyascope, Dünya, Bloomberg HT and Diken +12: Cumhuriyet, Sözcü, Halk TV, Nefes, Muhalif, Oda TV, Aykırı, soL Haber, Evrensel, İlke TV, Tele2 Haber and Tele2 Haber +13: BirGün, Cumhuriyet, Sözcü, Halk TV, Nefes, Muhalif, Oda TV, Aykırı, soL Haber, Evrensel, İlke TV, Tele2 Haber and Tele2 Haber

    Economy

  1. Prosecutors approve new move in fund probe involving ex-minister

    The Istanbul Chief Public Prosecutor's Office approved payment by former Family and Social Policies Minister Fatma Betül Sayan Kaya and her husband İlyas Kaya to the SDIF's voluntary return account. The couple will return the amount on a voluntary basis.

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: TGRT Haber and DHA +3: NTV, TGRT Haber and DHA +2: Karar and Medyascope +6: Halk TV, Evrensel, BirGün, Cumhuriyet, Oda TV and Muhalif +7: Yeniçağ, Halk TV, Evrensel, BirGün, Cumhuriyet, Oda TV and Muhalif

    National

  3. Share transfers put under scrutiny in fund probe

    The Istanbul Chief Public Prosecutor's Office launched a retroactive review after finding suspects in the fund probe moved shares to other accounts and abroad. It asked for the review to cover all movements since January 2025.

    12
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +4: Haber7, Takvim, NTV and TGRT Haber +5: Yeni Asır, Haber7, Takvim, NTV and TGRT Haber +3: Diken, Serbestiyet and Gazete Oksijen +4: Ekonomim, Diken, Serbestiyet and Gazete Oksijen

    Economy

  4. AK Party drops inquiry plan into fund scandal

    Hürriyet columnist Abdulkadir Selvi wrote that the AK Party had dropped plans to set up a parliamentary inquiry commission into the fund scandal. Selvi corrected himself, recalling that he had said in earlier columns that a commission would be formed.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Politics

  5. 227 billion lira withdrawn day before fund liquidation

    According to data shared by economist Sabri Oncu, about 227 billion lira was withdrawn from 650 accounts a day before the liquidation decision for 131 funds.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  7. AK Party's Serkan Bayram apologizes to Erdoğan and his party

    AK Party Istanbul MP Serkan Bayram apologized to President Recep Tayyip Erdoğan and the AK Party community over his criticism of the fund probe and detentions of mayors. Bayram said some of his remarks went beyond their intent.

    24
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: CNN Türk, Milat and Haber7 +4: Hürriyet, CNN Türk, Milat and Haber7 +8: ANKA Haber Ajansı, Diken, Medyascope, Serbestiyet, PSM, Sigorta Gündem, Kısa Dalga and Ekonomi Manşet +9: Ekonomim, ANKA Haber Ajansı, Diken, Medyascope, Serbestiyet, PSM, Sigorta Gündem, Kısa Dalga and Ekonomi Manşet +5: Nefes, Halk TV, Oda TV, Yeniçağ and soL Haber +6: BirGün, Nefes, Halk TV, Oda TV, Yeniçağ and soL Haber

    Politics

  1. Inspection Board assigned over probe request into İbrahim Ömer Gönül

    The Istanbul Chief Public Prosecutor's Office applied to the Turkish Treasury and Finance Ministry for permission to investigate former Capital Markets Board (SPK) Chair İbrahim Ömer Gönül. Treasury and Finance Minister Mehmet Şimşek had assigned the Inspection Board for a preliminary review on Friday upon the request.

    25
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: Milat, Yeni Asır, Haber7, Habertürk and DHA +6: Sabah, Milat, Yeni Asır, Haber7, Habertürk and DHA +6: ANKA Haber Ajansı, Kısa Dalga, Sigorta Gündem, Havadis, Diken and Bloomberg HT +7: Ekonomi Manşet, ANKA Haber Ajansı, Kısa Dalga, Sigorta Gündem, Havadis, Diken and Bloomberg HT +5: Oda TV, Yeniçağ, soL Haber, BirGün and Evrensel +6: Cumhuriyet, Oda TV, Yeniçağ, soL Haber, BirGün and Evrensel

    Economy

  2. Bahçeli: Türkiye is going through a purification process

    MHP leader Devlet Bahçeli said in a written statement on the fund investigations that Türkiye was going through a purification process.

    26
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +8: Habertürk, Yeni Akit, Türkiye Gazetesi, Sabah, Hürriyet, Milat, Takvim and NTV +9: Yeni Şafak, Habertürk, Yeni Akit, Türkiye Gazetesi, Sabah, Hürriyet, Milat, Takvim and NTV +7: Dünya, Medyascope, Ekonomim, Ekonomi Manşet, PSM, Sigorta Gündem and Diken +8: Serbestiyet, Dünya, Medyascope, Ekonomim, Ekonomi Manşet, PSM, Sigorta Gündem and Diken +2: Aykırı and Sözcü +3: BirGün, Aykırı and Sözcü

    Politics

  1. Erdoğan: No risk has spread to Türkiye's financial system

    President Recep Tayyip Erdoğan said of developments in the fund market, "There is no risk that has spread to our financial system." He said, "Those who lay hands on the nation's property will not get away with it."

    14
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Milat and A Haber +3: Haber7, Milat and A Haber +3: Dünya, ANKA Haber Ajansı and Diken +4: Ekonomim, Dünya, ANKA Haber Ajansı and Diken +2: Nefes and Sözcü

    Economy

  4. Lawyer couple made 2.5 billion lira from Katılımevim stake

    Istanbul Chief Public Prosecutor's Office's fund investigation found that lawyers Yasemin Yavuz Koçyiğit and her husband Gökhan Koçyiğit made a net profit of about 2.5 billion lira from Katılımevim shares they sold before the probe.

    4
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    National

  5. Melis Sutsurup allegedly earned 15.7 billion lira in fund probe

    In the capital-markets fund investigation in Istanbul, singer Mustafa Sandal's wife Melis Sutsurup allegedly earned 15.7 billion lira from funds. The figure was 11.1 billion lira in the initial claims.

    4
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  6. 20 suspects arrested in fund probe, total custody count reaches 85

    All 20 suspects referred to the criminal judgeship of peace in the Istanbul Chief Public Prosecutor's Office's fund investigation were arrested. The number of people in custody in the investigation rose to 85.

    38
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +13: Hürriyet, Takvim, A Haber, Milat, TGRT Haber, CNN Türk, Haber7, Yeni Şafak, DHA, Milliyet, Star, Habertürk and Yeni Asır +14: Türkiye Gazetesi, Hürriyet, Takvim, A Haber, Milat, TGRT Haber, CNN Türk, Haber7, Yeni Şafak, DHA, Milliyet, Star, Habertürk and Yeni Asır +11: Gazete Oksijen, Ekonomim, Bloomberg HT, Ekonomi Manşet, PSM, Sigorta Gündem, Dünya, Karar, Diken, ANKA Haber Ajansı and Kısa Dalga +12: Bianet, Gazete Oksijen, Ekonomim, Bloomberg HT, Ekonomi Manşet, PSM, Sigorta Gündem, Dünya, Karar, Diken, ANKA Haber Ajansı and Kısa Dalga +7: Oda TV, BirGün, Cumhuriyet, Yeniçağ, soL Haber, Nefes and Halk TV +8: Sözcü, Oda TV, BirGün, Cumhuriyet, Yeniçağ, soL Haber, Nefes and Halk TV

    Economy

  1. Funds under liquidation at Bulls Portföy moved to Ziraat Bank

    Bulls Portföy announced that the assets of the funds covered by the Capital Markets Board (SPK) liquidation decision have been transferred to Ziraat Bank. The bank will carry out the process of converting the assets into cash.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  3. MHP objects to Turkish parliament inquiry into fund probe

    MHP Deputy Chair Feti Yıldız said he saw no need to set up a Turkish Grand National Assembly (TBMM) inquiry commission over the fund investigation. He said he expected the Monitoring Commission to be formed within 10 days.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  5. Fund Coordination Board reviewed fund payment schedule

    The Fund Coordination Board, in its second meeting, reviewed the payment schedule for fund accounts and how the net investment amount will be calculated. The Directorate of Communications said care was taken to avoid imposing an additional burden on citizens in the regulations.

    22
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Yeni Akit, A Haber and DHA +4: Haber7, Yeni Akit, A Haber and DHA +7: Sigorta Gündem, Ekonomi Manşet, Havadis, Karar, Gazete Oksijen, Bloomberg HT and ANKA Haber Ajansı +8: PSM, Sigorta Gündem, Ekonomi Manşet, Havadis, Karar, Gazete Oksijen, Bloomberg HT and ANKA Haber Ajansı +3: Nefes, Cumhuriyet and Yeniçağ +4: Sözcü, Nefes, Cumhuriyet and Yeniçağ

    Economy

  7. Four more suspects arrested in fund investigation

    Of the 13 suspects referred to the courthouse in the fund investigation conducted by the Istanbul Chief Public Prosecutor's Office, four were arrested and nine were placed under judicial control.

    37
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Milat, TGRT Haber, Yeni Şafak, Takvim, CNN Türk, Habertürk, Haber7, DHA, Yeni Akit, NTV and Sabah +12: Hürriyet, Milat, TGRT Haber, Yeni Şafak, Takvim, CNN Türk, Habertürk, Haber7, DHA, Yeni Akit, NTV and Sabah +7: Gazete Oksijen, Ekonomim, Bloomberg HT, Ekonomi Manşet, PSM, Sigorta Gündem and Serbestiyet +8: Bianet, Gazete Oksijen, Ekonomim, Bloomberg HT, Ekonomi Manşet, PSM, Sigorta Gündem and Serbestiyet +9: Yeniçağ, Sözcü, Tele2 Haber, Oda TV, Nefes, Muhalif, soL Haber, BirGün and Cumhuriyet +10: Halk TV, Yeniçağ, Sözcü, Tele2 Haber, Oda TV, Nefes, Muhalif, soL Haber, BirGün and Cumhuriyet

    Economy

  1. 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).

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  2. 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.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  4. Hülya Terzioğlu replaces Fatma Betül Sayan Kaya in AK Party

    Prof. Dr. Hülya Terzioğlu has been appointed AK Party deputy chair responsible for Social Policies. Ömer Çelik announced the appointment on social media.

    16
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Star, Yeni Şafak, A Haber, Takvim, Hürriyet, Haber7 and CNN Türk +8: NTV, Star, Yeni Şafak, A Haber, Takvim, Hürriyet, Haber7 and CNN Türk +2: Cumhuriyet and Sözcü +3: Halk TV, Cumhuriyet and Sözcü

    Politics

  5. Hayati Yazıcı comments on fund probe involving his son

    AK Party Deputy Chairman Hayati Yazıcı said investigating the claims and protecting citizens' savings were his main goals regarding the fund investigation involving his son.

    13
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: ANKA Haber Ajansı, Sigorta Gündem and Ekonomim +4: PSM, ANKA Haber Ajansı, Sigorta Gündem and Ekonomim +4: Yeniçağ, Sözcü, Oda TV and soL Haber +5: BirGün, Yeniçağ, Sözcü, Oda TV and soL Haber

    National

  6. Erdoğan says fund investigation is being resolved swiftly

    President Recep Tayyip Erdoğan said in his speech at the opening of the Turkish Grand National Assembly (TBMM)'s new legislative year that they were successfully overcoming the problem seen in part of the fund market and resolving it swiftly.

    16
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +4: Haber7, Hürriyet, A Haber and Sabah +5: Milliyet, Haber7, Hürriyet, A Haber and Sabah +4: Diken, Ekonomi Manşet, Sigorta Gündem and PSM +5: Dünya, Diken, Ekonomi Manşet, Sigorta Gündem and PSM

    Economy

  10. Capital Markets Board opens accounts for return of excessive fund gains

    The Capital Markets Board (SPK) has opened accounts so those who earned excessive gains in investment funds under liquidation can voluntarily return the money. Returned funds will be included only in the liquidation assets of the relevant fund.

    22
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: DHA, Haber7, Yeni Şafak, A Haber, Habertürk, Milat and Yeni Asır +8: Star, DHA, Haber7, Yeni Şafak, A Haber, Habertürk, Milat and Yeni Asır +2: Diken and Ekonomim +3: ANKA Haber Ajansı, Diken and Ekonomim +4: Muhalif, Cumhuriyet, soL Haber and BirGün +5: Oda TV, Muhalif, Cumhuriyet, soL Haber and BirGün

    Economy

  11. Phased limits on share trading are on the way

    The banking regulator BDDK and the Capital Markets Board (SPK) will start work on Monday on gradually limiting share trading. The AK Party is cool to a Turkish parliament inquiry committee on the fund investigation.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  12. Gürlek: Seized assets will be used for right holders' claims

    Justice Minister Akın Gürlek said villas, luxury vehicles, land and funds in bank accounts seized in a fund investigation will be used to pay right holders' claims through a fund set up within the Savings Deposit Insurance Fund (TMSF).

    11
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: Star, Milliyet, Yeni Akit, Habertürk and TGRT Haber +6: Yeni Şafak, Star, Milliyet, Yeni Akit, Habertürk and TGRT Haber

    Economy

  13. Fund Coordination Board to assess extra measures tomorrow

    Vice President Cevdet Yılmaz said the Fund Coordination Board will assess additional measures at its second meeting tomorrow. Yılmaz said a separate account was opened within the Savings Deposit Insurance Fund (TMSF) for each troubled fund.

    31
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Star, A Haber, DHA, Habertürk, Sabah, Yeni Asır, Takvim, Haber7, Milat, Milliyet and Hürriyet +12: Yeni Şafak, Star, A Haber, DHA, Habertürk, Sabah, Yeni Asır, Takvim, Haber7, Milat, Milliyet and Hürriyet +3: Diken, ANKA Haber Ajansı and Ekonomim +4: Gazete Oksijen, Diken, ANKA Haber Ajansı and Ekonomim +7: Tele2 Haber, Cumhuriyet, Halk TV, Nefes, Oda TV, BirGün and Sözcü +8: Yeniçağ, Tele2 Haber, Cumhuriyet, Halk TV, Nefes, Oda TV, BirGün and Sözcü

    Economy

  16. Capital Markets Board orders interim payments of up to 1 million lira in liquidated funds

    The Capital Markets Board (SPK) decided that investors will receive interim payments of up to 1 million lira from the funds of Tera, Pusula, Atlas and Hedef Portföy in liquidation, without waiting for final liquidation.

    28
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Star, Türkiye Gazetesi, Haber7, Milat, Takvim, DHA and Yeni Akit +8: Habertürk, Star, Türkiye Gazetesi, Haber7, Milat, Takvim, DHA and Yeni Akit +5: Diken, Gazete Oksijen, Kısa Dalga, ANKA Haber Ajansı and Serbestiyet +6: Dünya, Diken, Gazete Oksijen, Kısa Dalga, ANKA Haber Ajansı and Serbestiyet +6: Yeniçağ, Oda TV, Nefes, BirGün, Evrensel and soL Haber +7: Sözcü, Yeniçağ, Oda TV, Nefes, BirGün, Evrensel and soL Haber

    Economy

  17. 12 more suspects sent to court in fund investigation

    In the Istanbul Chief Public Prosecutor's Office's fund investigation into capital market transactions, 12 more suspects were referred to the courthouse. Police procedures for 20 suspects in custody are continuing.

    33
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +14: Haber7, Yeni Şafak, DHA, CNN Türk, Milat, Habertürk, A Haber, TGRT Haber, Sabah, Hürriyet, NTV, Türkiye Gazetesi, Takvim and Milliyet +15: Yeni Akit, Haber7, Yeni Şafak, DHA, CNN Türk, Milat, Habertürk, A Haber, TGRT Haber, Sabah, Hürriyet, NTV, Türkiye Gazetesi, Takvim and Milliyet +4: Diken, PSM, Sigorta Gündem and Ekonomi Manşet +5: Gazete Oksijen, Diken, PSM, Sigorta Gündem and Ekonomi Manşet +6: Sözcü, Cumhuriyet, Halk TV, BirGün, Nefes and Oda TV +7: Yeniçağ, Sözcü, Cumhuriyet, Halk TV, BirGün, Nefes and Oda TV

    Economy

  18. 3 banks and 2 factoring firms transferred to TMSF in fund probe

    The banking regulator BDDK transferred management of Tera, Destek and Hedef investment banks and two factoring firms to the Savings Deposit Insurance Fund (TMSF). Six months were given for the transfer of shares.

    27
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Yeni Akit, Hürriyet, Türkiye Gazetesi, CNN Türk, A Haber, Milat and Haber7 +8: Takvim, Yeni Akit, Hürriyet, Türkiye Gazetesi, CNN Türk, A Haber, Milat and Haber7 +6: Diken, Medyascope, Bloomberg HT, PSM, Sigorta Gündem and Ekonomim +7: Gazete Oksijen, Diken, Medyascope, Bloomberg HT, PSM, Sigorta Gündem and Ekonomim +4: BirGün, Sözcü, Aykırı and soL Haber +5: Evrensel, BirGün, Sözcü, Aykırı and soL Haber

    Economy

  2. Singer Nil Özalp detained in capital markets probe

    Singer Nil Özalp was detained in the Istanbul Chief Public Prosecutor's Office investigation into capital market transactions.

    19
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Milliyet, Star, CNN Türk, A Haber, Yeni Şafak, Takvim, NTV, Haber7, Milat, DHA and TGRT Haber +12: Hürriyet, Milliyet, Star, CNN Türk, A Haber, Yeni Şafak, Takvim, NTV, Haber7, Milat, DHA and TGRT Haber +3: Halk TV, soL Haber and BirGün +4: Evrensel, Halk TV, soL Haber and BirGün

    Economy

  3. Asset freeze on Mustafa Yazıcı lifted in fund investigation

    According to soL Haber, in the fund investigation the asset freeze was lifted for five people including Adil Varlık Yönetim Deputy Board Chair Mustafa Yazıcı.

    13
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Gazete Oksijen, Serbestiyet and ANKA Haber Ajansı +4: Medyascope, Gazete Oksijen, Serbestiyet and ANKA Haber Ajansı +6: Nefes, Evrensel, Yeniçağ, Oda TV, Sözcü and soL Haber +7: Halk TV, Nefes, Evrensel, Yeniçağ, Oda TV, Sözcü and soL Haber

    Economy

  4. Five companies placed under TMSF control in fund probe

    Banking regulator BDDK decided to transfer the management of Tera, Destek and Hedef investment banks and Destek and Tera Finans factoring firms to the Savings Deposit Insurance Fund (TMSF) as part of the fund probe.

    24
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: A Haber, Hürriyet, Yeni Akit, Türkiye Gazetesi, NTV and Takvim +7: Haber7, A Haber, Hürriyet, Yeni Akit, Türkiye Gazetesi, NTV and Takvim +3: Gazete Oksijen, ANKA Haber Ajansı and Diken +4: Dünya, Gazete Oksijen, ANKA Haber Ajansı and Diken +6: Nefes, Oda TV, Halk TV, Yeniçağ, BirGün and soL Haber +7: Cumhuriyet, Nefes, Oda TV, Halk TV, Yeniçağ, BirGün and soL Haber

    Economy

  5. 147 more X accounts blocked over fund crisis posts

    The Freedom of Expression Association announced that at least 147 X accounts sharing posts about the investment fund crisis were blocked from access today. Previously, 194 accounts had been blocked on 24 September.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Politics

  7. Feridun Geçgel's passport seized in fund investigation

    Astor Enerji owner Feridun Geçgel's passport was seized as part of the fund investigation by the Istanbul Chief Public Prosecutor's Office. He was found to face an international travel ban while returning from the US, and his passport was seized at the port.

    9
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: Muhalif, Nefes, Oda TV, Yeniçağ and soL Haber +6: Cumhuriyet, Muhalif, Nefes, Oda TV, Yeniçağ and soL Haber

    Economy

  8. 34 suspects face search, seizure and detention in fund probe

    Justice Minister Akın Gürlek said Istanbul prosecutors ordered the search, seizure and detention of 34 suspects in the fund investigation. Proceedings cover 217 suspects in total, with 56 arrested and 88 under judicial control.

    31
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +14: Haber7, A Haber, Milliyet, Star, Türkiye Gazetesi, DHA, Yeni Şafak, Milat, CNN Türk, Yeni Akit, TGRT Haber, Yeni Asır, Hürriyet and Habertürk +15: Takvim, Haber7, A Haber, Milliyet, Star, Türkiye Gazetesi, DHA, Yeni Şafak, Milat, CNN Türk, Yeni Akit, TGRT Haber, Yeni Asır, Hürriyet and Habertürk +4: ANKA Haber Ajansı, Gazete Oksijen, Dünya and Kısa Dalga +5: Diken, ANKA Haber Ajansı, Gazete Oksijen, Dünya and Kısa Dalga +5: Yeniçağ, Oda TV, Cumhuriyet, Nefes and Evrensel +6: Sözcü, Yeniçağ, Oda TV, Cumhuriyet, Nefes and Evrensel

    National

  9. Salih Tanrıkulu leaves Borsa Istanbul posts

    As a review of developments in investment funds was launched on President Recep Tayyip Erdoğan's instructions, State Supervisory Council (DDK) President Salih Tanrıkulu left his deputy chairmanship and board membership at Borsa Istanbul (BIST).

    8
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +4: Halk TV, Evrensel, Nefes and Sözcü +5: Yeniçağ, Halk TV, Evrensel, Nefes and Sözcü

    Economy

  10. Former Capital Markets Board chair questioned as suspect

    Former Capital Markets Board (SPK) Chairman İbrahim Ömer Gönül gave a statement as a suspect in the fund investigation led by the Istanbul Chief Public Prosecutor's Office and left the courthouse. Six suspects in custody were referred to the courthouse.

    25
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Türkiye Gazetesi, A Haber, Yeni Şafak, Takvim, Habertürk, Hürriyet, Milliyet, Milat, Haber7, CNN Türk and Yeni Akit +12: Star, Türkiye Gazetesi, A Haber, Yeni Şafak, Takvim, Habertürk, Hürriyet, Milliyet, Milat, Haber7, CNN Türk and Yeni Akit +2: Dünya and Ekonomim +3: Serbestiyet, Dünya and Ekonomim +4: Cumhuriyet, Oda TV, Yeniçağ and BirGün +5: Nefes, Cumhuriyet, Oda TV, Yeniçağ and BirGün

    Economy

  11. Arrest sought for 3 suspects in fund investigation

    Of the 6 suspects referred to the courthouse in the Istanbul Chief Public Prosecutor's Office fund investigation, 3 were referred to court with a request for arrest and 1 with a request for judicial control. Proceedings for the other 2 suspects are ongoing.

    25
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Haber7, Sabah, Hürriyet, Star, Milat, Takvim and Türkiye Gazetesi +8: A Haber, Haber7, Sabah, Hürriyet, Star, Milat, Takvim and Türkiye Gazetesi +3: Kıbrıs Genç TV, Ekonomim and Kısa Dalga +4: Gazete Oksijen, Kıbrıs Genç TV, Ekonomim and Kısa Dalga +6: Halk TV, Yeniçağ, Muhalif, Tele2 Haber, Nefes and Cumhuriyet +7: BirGün, Halk TV, Yeniçağ, Muhalif, Tele2 Haber, Nefes and Cumhuriyet

    Economy

  15. Nihat Zeybekci confirmed four partner companies invested in TP2 fund

    AK Party Deputy Chairman Nihat Zeybekci confirmed that four companies he partners invested in the TP2 fund and said, "We are among the 455,000 victims."

    14
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Yeni Şafak and NTV +2: Ekonomim and Medyascope +3: Kısa Dalga, Ekonomim and Medyascope +5: Cumhuriyet, BirGün, Tele2 Haber, Oda TV and soL Haber +6: Evrensel, Cumhuriyet, BirGün, Tele2 Haber, Oda TV and soL Haber

    Economy

  16. Fund Coordination Board set up in fund probe

    After the meeting chaired by President Recep Tayyip Erdoğan, a Fund Coordination Board led by the Vice President was set up for investor payments from liquidated funds. The State Supervisory Council also launched a review of investment fund transactions.

    39
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: TRT World and Anadolu Ajansı +11: Takvim, A Haber, TGRT Haber, Yeni Akit, Yeni Şafak, Haber7, NTV, Milat, Milliyet, Sabah and Star +12: Hürriyet, Takvim, A Haber, TGRT Haber, Yeni Akit, Yeni Şafak, Haber7, NTV, Milat, Milliyet, Sabah and Star +9: Medyascope, Dünya, Karar, Bloomberg HT, PSM, Sigorta Gündem, Ekonomim, Diken and ANKA Haber Ajansı +10: Serbestiyet, Medyascope, Dünya, Karar, Bloomberg HT, PSM, Sigorta Gündem, Ekonomim, Diken and ANKA Haber Ajansı +7: Evrensel, Yeniçağ, Sözcü, Nefes, Muhalif, Halk TV and Cumhuriyet +8: BirGün, Evrensel, Yeniçağ, Sözcü, Nefes, Muhalif, Halk TV and Cumhuriyet +2: Euronews Türkçe and Bloomberg

    Economy

  17. Freeze sought for Fatma Betül Sayan Kaya assets

    The Istanbul Chief Public Prosecutor's Office said it had written to the relevant institutions to freeze all assets of Fatma Betül Sayan Kaya and her husband İlyas Kaya in the fund investigation.

    36
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +13: Yeni Akit, Takvim, Milat, Yeni Şafak, TGRT Haber, Sabah, Hürriyet, CNN Türk, Yeni Asır, Habertürk, DHA, Haber7 and NTV +14: A Haber, Yeni Akit, Takvim, Milat, Yeni Şafak, TGRT Haber, Sabah, Hürriyet, CNN Türk, Yeni Asır, Habertürk, DHA, Haber7 and NTV +8: Gazete Oksijen, Kısa Dalga, Dünya, Bloomberg HT, PSM, Sigorta Gündem, Ekonomim and Diken +9: Karar, Gazete Oksijen, Kısa Dalga, Dünya, Bloomberg HT, PSM, Sigorta Gündem, Ekonomim and Diken +5: Nefes, Sözcü, BirGün, Evrensel and Halk TV +6: Oda TV, Nefes, Sözcü, BirGün, Evrensel and Halk TV +2: BBC Türkçe and DW Türkçe

    Economy

  18. Arrest warrants issued for Melis Sütşurup Sandal and father

    Arrest warrants were issued for singer Mustafa Sandal's wife Melis Sütşurup Sandal and her father Cihan Sütşurup in the fund investigation, and their assets were seized.

    33
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: NTV, CNN Türk, Haber7, Türkiye Gazetesi, TGRT Haber, Takvim, A Haber, Hürriyet and DHA +10: Habertürk, NTV, CNN Türk, Haber7, Türkiye Gazetesi, TGRT Haber, Takvim, A Haber, Hürriyet and DHA +8: PSM, Sigorta Gündem, Ekonomim, Dünya, Diken, Medyascope, ANKA Haber Ajansı and Kısa Dalga +9: Gazete Oksijen, PSM, Sigorta Gündem, Ekonomim, Dünya, Diken, Medyascope, ANKA Haber Ajansı and Kısa Dalga +8: Aykırı, Yeniçağ, BirGün, Nefes, Sözcü, Oda TV, Tele2 Haber and soL Haber +9: Evrensel, Aykırı, Yeniçağ, BirGün, Nefes, Sözcü, Oda TV, Tele2 Haber and soL Haber

    Economy

  2. Seizure order issued for Cengiz Avcı's assets in fund probe

    In the fund investigation led by the Istanbul Chief Public Prosecutor's Office, a seizure order was issued for the bank accounts and other assets of businessman Cengiz Avcı, for whom an arrest warrant had earlier been issued. Avcı was reported to be abroad.

    19
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: Yeni Şafak, DHA, Takvim, Haber7, Hürriyet, Star, Türkiye Gazetesi, TGRT Haber and Yeni Akit +10: Sabah, Yeni Şafak, DHA, Takvim, Haber7, Hürriyet, Star, Türkiye Gazetesi, TGRT Haber and Yeni Akit +4: Yeniçağ, Cumhuriyet, Halk TV and BirGün +5: Evrensel, Yeniçağ, Cumhuriyet, Halk TV and BirGün

    Economy

  3. Burhanettin Duran: Those responsible in fund probe will answer

    Presidential Communications Director Burhanettin Duran said those responsible for developments in fund markets will be held accountable before the law, regardless of their positions.

    12
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: A Haber, Yeni Şafak, Yeni Akit, Türkiye Gazetesi, Takvim, Star and Milliyet +8: NTV, A Haber, Yeni Şafak, Yeni Akit, Türkiye Gazetesi, Takvim, Star and Milliyet

    Economy

  4. Asset freeze requested for Kaya family in fund probe

    The Istanbul Chief Public Prosecutor's Office sent letters to the relevant institutions requesting a freeze on all assets of Fatma Betül Sayan Kaya and her husband İlyas Kaya as part of the fund investigation.

    19
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: TGRT Haber, CNN Türk, Milliyet, Yeni Şafak and Star +6: Habertürk, TGRT Haber, CNN Türk, Milliyet, Yeni Şafak and Star +2: Diken and ANKA Haber Ajansı +3: Gazete Oksijen, Diken and ANKA Haber Ajansı +3: Tele2 Haber, Evrensel and BirGün +4: Oda TV, Tele2 Haber, Evrensel and BirGün

    National

  7. Erdoğan meets economic team over fund investigation

    President Recep Tayyip Erdoğan met in Ankara with the economic team and managers of relevant institutions over developments in the fund investigation. The meeting assessed steps regarding the functioning of capital markets.

    20
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Star, Yeni Şafak, Yeni Akit, Haber7, A Haber, Milat and Türkiye Gazetesi +8: Hürriyet, Star, Yeni Şafak, Yeni Akit, Haber7, A Haber, Milat and Türkiye Gazetesi +2: Ekonomim and ANKA Haber Ajansı +3: Dünya, Ekonomim and ANKA Haber Ajansı +4: Cumhuriyet, BirGün, Sözcü and Nefes +5: Oda TV, Cumhuriyet, BirGün, Sözcü and Nefes

    Economy

  8. Assets of 42 people frozen in fund probe

    In the fund investigation conducted by the Istanbul Chief Public Prosecutor's Office, precautionary measures were imposed on the assets of 42 people, including Melis Sütşurup Sandal.

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Yeni Asır, CNN Türk and DHA +4: Star, Yeni Asır, CNN Türk and DHA +6: BirGün, Sözcü, Nefes, Tele2 Haber, soL Haber and Evrensel +7: Yeniçağ, BirGün, Sözcü, Nefes, Tele2 Haber, soL Haber and Evrensel

    National

  9. Number of arrestees in fund probe rises to 56

    Five of 12 suspects referred to court were arrested in the fund investigation led by the Istanbul Chief Public Prosecutor's Office. The number of arrestees in the investigation rose to 56.

    22
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +7: Milliyet, Milat, Türkiye Gazetesi, CNN Türk, Takvim, Hürriyet and Haber7 +8: TGRT Haber, Milliyet, Milat, Türkiye Gazetesi, CNN Türk, Takvim, Hürriyet and Haber7 +3: ANKA Haber Ajansı, Kısa Dalga and Gazete Oksijen +4: Ekonomim, ANKA Haber Ajansı, Kısa Dalga and Gazete Oksijen +4: Nefes, Tele2 Haber, BirGün and Evrensel +5: Yeniçağ, Nefes, Tele2 Haber, BirGün and Evrensel

    Economy

  10. 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.

    25
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: Haber7, Yeni Şafak, Takvim, Yeni Akit, TGRT Haber and Sabah +7: Milliyet, Haber7, Yeni Şafak, Takvim, Yeni Akit, TGRT Haber and Sabah +5: Gazete Oksijen, Dünya, Ekonomim, ANKA Haber Ajansı and Diken +6: Serbestiyet, Gazete Oksijen, Dünya, Ekonomim, ANKA Haber Ajansı and Diken +5: Evrensel, Yeniçağ, BirGün, Sözcü and Muhalif +6: Cumhuriyet, Evrensel, Yeniçağ, BirGün, Sözcü and Muhalif

    Economy

  11. 9 suspects detained in fund investigation

    Nine people were detained in the fund investigation conducted in Istanbul. They include Destek Yatırım Bank General Manager Özgür Akayoğlu; one person is being sought.

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Haber7, TGRT Haber and Türkiye Gazetesi +4: Takvim, Haber7, TGRT Haber and Türkiye Gazetesi +3: Diken, Medyascope and Ekonomim +4: Bianet, Diken, Medyascope and Ekonomim +2: Oda TV and Halk TV +3: Tele2 Haber, Oda TV and Halk TV

    Economy

  1. SPK files criminal complaint against 37 over Tera shares

    The Capital Markets Board (SPK) filed a criminal complaint against 37 people over transactions in Tera Financial Investments shares. The Board imposed a two-year trading ban on 37 people and two companies, limited to these shares.

    23
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: Türkiye Gazetesi, Haber7, TGRT Haber, Takvim, DHA and Milliyet +7: Star, Türkiye Gazetesi, Haber7, TGRT Haber, Takvim, DHA and Milliyet +3: Gazete Oksijen, Dünya and ANKA Haber Ajansı +4: Diken, Gazete Oksijen, Dünya and ANKA Haber Ajansı +5: Halk TV, Cumhuriyet, Yeniçağ, Oda TV and Evrensel +6: Sözcü, Halk TV, Cumhuriyet, Yeniçağ, Oda TV and Evrensel

    Economy

  5. İskender Balcı surrenders in fund probe

    İskender Balcı, subject to an arrest warrant in the fourth-wave operation of the fund investigation in Istanbul, returned to Türkiye and surrendered to judicial authorities.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    National

  6. Nearly 3 billion lira outflow found in İsmet Öğüt's account

    In the fund investigation by the Istanbul Chief Public Prosecutor's Office, an outflow of about 3.1 billion lira was detected from the account of İsmet Öğüt, known as Balıkçı İsmet, between 1 July and 16 September.

    5
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  7. Pasifik GYO denies link to funds in fund probe

    Pasifik GYO told the Public Disclosure Platform (KAP) that it had no link to the funds in the fund investigation. The Istanbul Chief Public Prosecutor's Office had lifted the measures on 45 companies and 19 funds yesterday upon a letter from the Capital Markets Board (SPK).

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Haber7, Yeni Akit and Sabah +4: DHA, Haber7, Yeni Akit and Sabah +6: Sözcü, Halk TV, Tele2 Haber, Nefes, Evrensel and BirGün +7: Yeniçağ, Sözcü, Halk TV, Tele2 Haber, Nefes, Evrensel and BirGün

    Economy

  8. Mehmet Şimşek: No action against clean players in fund crisis

    Treasury and Finance Minister Mehmet Şimşek announced that no action will be taken against individuals and companies not involved in market-disruptive transactions. He said the legitimate rights of fund investors were being protected in coordination with the Justice Ministry.

    21
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Habertürk, Milat and Yeni Asır +4: Star, Habertürk, Milat and Yeni Asır +5: Dünya, Ekonomim, Havadis, Kıbrıs Genç TV and Kısa Dalga +6: Diken, Dünya, Ekonomim, Havadis, Kıbrıs Genç TV and Kısa Dalga +4: Halk TV, Cumhuriyet, BirGün and Evrensel +5: Nefes, Halk TV, Cumhuriyet, BirGün and Evrensel

    Economy

  9. Mustafa Sandal speaks on fund probe: wife's assets frozen

    In the fund investigation, an asset freeze was imposed on his wife Melis Sütşurup Sandal's assets; singer Mustafa Sandal denied the accusations, saying his conscience is clear.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  10. Assets of 42 people frozen in fund probe

    Justice Minister Akın Gürlek announced that the assets of 42 individuals, 46 legal entities and 18 funds were frozen in the fund investigation. Thirty-seven suspects not previously under restrictions were barred from leaving the country.

    33
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +13: CNN Türk, Yeni Akit, NTV, Hürriyet, Takvim, Türkiye Gazetesi, Haber7, Yeni Şafak, Milat, DHA, Star, Habertürk and Yeni Asır +14: Milliyet, CNN Türk, Yeni Akit, NTV, Hürriyet, Takvim, Türkiye Gazetesi, Haber7, Yeni Şafak, Milat, DHA, Star, Habertürk and Yeni Asır +6: Duhuliye, PSM, Sigorta Gündem, Ekonomim, ANKA Haber Ajansı and Gazete Oksijen +7: Diken, Duhuliye, PSM, Sigorta Gündem, Ekonomim, ANKA Haber Ajansı and Gazete Oksijen +6: Evrensel, Oda TV, Tele2 Haber, Halk TV, Aykırı and Sözcü +7: Nefes, Evrensel, Oda TV, Tele2 Haber, Halk TV, Aykırı and Sözcü

    Economy

  11. Tera executives Erdin Özel and Sarpyener detained in fund probe

    Tera Portföy Board Chairman Erdin Özel and Tera Yatırım CEO Emir Münir Sarpyener were detained in the fund investigation. Both had outstanding detention warrants.

    28
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +8: Yeni Şafak, Hürriyet, Haber7, Star, Türkiye Gazetesi, Milliyet, NTV and Yeni Akit +9: A Haber, Yeni Şafak, Hürriyet, Haber7, Star, Türkiye Gazetesi, Milliyet, NTV and Yeni Akit +5: PSM, Sigorta Gündem, Gazete Oksijen, Ekonomim and Havadis +6: Kısa Dalga, PSM, Sigorta Gündem, Gazete Oksijen, Ekonomim and Havadis +7: Sözcü, Nefes, Yeniçağ, Oda TV, Halk TV, Evrensel and Muhalif +8: BirGün, Sözcü, Nefes, Yeniçağ, Oda TV, Halk TV, Evrensel and Muhalif

    Economy

  2. 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.

    14
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Yeni Akit and Star +3: A Haber, Yeni Akit and Star +3: ANKA Haber Ajansı, Gazete Oksijen and Serbestiyet +4: Ekonomim, ANKA Haber Ajansı, Gazete Oksijen and Serbestiyet +3: Cumhuriyet, Halk TV and Nefes +4: Yeniçağ, Cumhuriyet, Halk TV and Nefes

    Economy

  3. 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.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  4. 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.

    16
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: A Haber, Türkiye Gazetesi, Milliyet, Hürriyet and Yeni Şafak +6: Takvim, A Haber, Türkiye Gazetesi, Milliyet, Hürriyet and Yeni Şafak +6: Yeniçağ, Cumhuriyet, Tele2 Haber, Aykırı, Halk TV and Oda TV +7: Nefes, Yeniçağ, Cumhuriyet, Tele2 Haber, Aykırı, Halk TV and Oda TV

    Economy

  5. Tera Portföy CEO Emir Münir Sarpyener detained

    Tera Portföy CEO Emir Münir Sarpyener was detained as part of the capital markets investigation. The assets of 46 legal entities and 18 funds were frozen in the investigation.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  6. All records of 7 funds requested in fund probe

    The Istanbul Chief Public Prosecutor's Office requested all records of funds linked to 7 investment firms from the Central Securities Depository (MKK) as part of the fund investigation. The number of arrested suspects in the investigation rose to 51.

    10
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +4: Takvim, Yeni Şafak, Türkiye Gazetesi and Haber7 +5: NTV, Takvim, Yeni Şafak, Türkiye Gazetesi and Haber7 +2: Sözcü and Nefes

    Economy

  7. Minister Gürlek: Assets of 46 entities frozen in fund probe

    Justice Minister Akın Gürlek announced that the assets of 46 legal entities, 18 funds and 42 individuals had been frozen in the fund investigation, and exit bans had been imposed on 37 suspects.

    38
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +13: Hürriyet, TGRT Haber, Yeni Şafak, Yeni Asır, CNN Türk, Yeni Akit, A Haber, Habertürk, Takvim, DHA, Milat, NTV and Star +14: Sabah, Hürriyet, TGRT Haber, Yeni Şafak, Yeni Asır, CNN Türk, Yeni Akit, A Haber, Habertürk, Takvim, DHA, Milat, NTV and Star +8: Bloomberg HT, Gazete Oksijen, Diken, Bianet, Kısa Dalga, PSM, Sigorta Gündem and ANKA Haber Ajansı +9: Karar, Bloomberg HT, Gazete Oksijen, Diken, Bianet, Kısa Dalga, PSM, Sigorta Gündem and ANKA Haber Ajansı +6: Cumhuriyet, Sözcü, Oda TV, Evrensel, Muhalif and Nefes +7: Halk TV, Cumhuriyet, Sözcü, Oda TV, Evrensel, Muhalif and Nefes +2: Independent Türkçe and Euronews Türkçe

    Economy

  1. 107,000 investors put 68 billion lira into Tera fund in two weeks

    Tera Portföy's stock-heavy fund placed into liquidation by the Capital Markets Board (SPK) gained 107,000 new investors in two weeks. With the inflows, the fund's portfolio value rose from 59 billion lira to 127 billion lira.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  2. Meeting chaired by Erdogan discusses removing 66 funds from liquidation

    At the meeting chaired by President Recep Tayyip Erdogan, a plan for fast payment to fund investors owed less than 1 million lira was discussed. Removing 66 funds that said they can pay from the liquidation list is also being considered.

    4
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  3. Cevdet Yılmaz on fund crisis: temporary problem, no structural issue

    Vice President Cevdet Yılmaz said the fund crisis was a temporary problem emerging in a limited area and there was no structural problem. He said the necessary administrative and judicial measures had been taken.

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  5. Judicial action against 76 suspects in fund probe

    Justice Minister Akın Gürlek announced that judicial action was taken against 76 suspects in the Istanbul Chief Public Prosecutor's Office fund investigation. Of the suspects, 45 were arrested, 5 were placed under judicial control, arrest procedures were launched for 12, and procedures for 14 in custody are ongoing.

    18
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: Yeni Şafak, Yeni Akit, Hürriyet, NTV and Yeni Asır +6: Milliyet, Yeni Şafak, Yeni Akit, Hürriyet, NTV and Yeni Asır +2: ANKA Haber Ajansı and Diken +3: Dünya, ANKA Haber Ajansı and Diken +4: Evrensel, Nefes, BirGün and soL Haber +5: Yeniçağ, Evrensel, Nefes, BirGün and soL Haber

    National

  1. DMM: Fund market developments do not threaten economy

    The Center for Combating Disinformation (DMM) announced that developments in the fund market do not threaten Türkiye's economy and that the process consists of judicial and administrative procedures carried out in a limited area.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  5. 45 people arrested in fund investigation, procedures continue for 14 suspects

    Justice Minister Akın Gürlek announced that legal proceedings were carried out against 76 suspects within the scope of the fund investigation and 45 people were arrested. Judicial control was applied to 5 people, arrest warrants were issued for 12, and procedures for 14 suspects are ongoing.

    48
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +15: Yeni Akit, TGRT Haber, Takvim, CNN Türk, Sabah, Yeni Asır, NTV, Yeni Şafak, Habertürk, Milat, Haber7, Türkiye Gazetesi, Star, DHA and Milliyet +16: A Haber, Yeni Akit, TGRT Haber, Takvim, CNN Türk, Sabah, Yeni Asır, NTV, Yeni Şafak, Habertürk, Milat, Haber7, Türkiye Gazetesi, Star, DHA and Milliyet +11: Serbestiyet, Ekonomim, Kısa Dalga, Bianet, Bloomberg HT, Karar, Duhuliye, Sigorta Gündem, PSM, ANKA Haber Ajansı and Gazete Oksijen +12: Medyascope, Serbestiyet, Ekonomim, Kısa Dalga, Bianet, Bloomberg HT, Karar, Duhuliye, Sigorta Gündem, PSM, ANKA Haber Ajansı and Gazete Oksijen +10: Evrensel, Yeniçağ, Halk TV, Aykırı, Muhalif, Nefes, Tele2 Haber, BirGün, soL Haber and Cumhuriyet +11: Oda TV, Evrensel, Yeniçağ, Halk TV, Aykırı, Muhalif, Nefes, Tele2 Haber, BirGün, soL Haber and Cumhuriyet +2: Independent Türkçe and Euronews Türkçe +3: BBC Türkçe, Independent Türkçe and Euronews Türkçe

    Economy

  3. 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.

    17
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: NTV, A Haber, Milliyet, Yeni Asır and Habertürk +6: Yeni Akit, NTV, A Haber, Milliyet, Yeni Asır and Habertürk +2: Ekonomim and Medyascope +3: Nefes, Oda TV and Yeniçağ +4: Halk TV, Nefes, Oda TV and Yeniçağ

    Economy

  5. Fund probe: measures on nearly 750 million lira

    The Istanbul Chief Public Prosecutor's Office froze approximately 387 million lira in accounts as part of the fund investigation it is conducting with MASAK. The amount frozen and seized in three transactions reached approximately 750 million lira.

    15
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: Star, Habertürk, Hürriyet, Yeni Akit, Sabah and Takvim +7: Yeni Şafak, Star, Habertürk, Hürriyet, Yeni Akit, Sabah and Takvim

    Economy

  6. 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.

    34
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: TGRT Haber, Takvim, Haber7, Milliyet, Yeni Şafak, Sabah, CNN Türk, Yeni Akit, A Haber, DHA and Hürriyet +12: Star, TGRT Haber, Takvim, Haber7, Milliyet, Yeni Şafak, Sabah, CNN Türk, Yeni Akit, A Haber, DHA and Hürriyet +7: Kısa Dalga, Duhuliye, Ekonomim, Diken, Dünya, ANKA Haber Ajansı and Medyascope +8: Karar, Kısa Dalga, Duhuliye, Ekonomim, Diken, Dünya, ANKA Haber Ajansı and Medyascope +9: BirGün, Tele2 Haber, Evrensel, Sözcü, Oda TV, Nefes, Muhalif, soL Haber and Cumhuriyet +10: Yeniçağ, BirGün, Tele2 Haber, Evrensel, Sözcü, Oda TV, Nefes, Muhalif, soL Haber and Cumhuriyet

    Politics

  7. Emre Tezmen claims he was unaware of fund transactions

    The prosecutor's statement of detained Tera Investment Holding Chairman Emre Tezmen has emerged. Tezmen claimed he was unaware of the fund buys and sells, and said of the increase in the company's value, 'This price is still cheap'.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  8. Liquidation of 131 funds to be discussed under Şimşek

    Treasury and Finance Minister Mehmet Şimşek will return from the US today at noon. Seven portfolio management companies have 455,758 investors in 131 funds, and their liquidation and payments will be discussed under his chairmanship.

    23
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Haber7 and Habertürk +3: A Haber, Haber7 and Habertürk +6: Dünya, Gazete Oksijen, Sigorta Gündem, Kısa Dalga, Ekonomi Manşet and Bloomberg HT +7: Karar, Dünya, Gazete Oksijen, Sigorta Gündem, Kısa Dalga, Ekonomi Manşet and Bloomberg HT +6: Yeniçağ, Halk TV, Cumhuriyet, Evrensel, Oda TV and Muhalif +7: Sözcü, Yeniçağ, Halk TV, Cumhuriyet, Evrensel, Oda TV and Muhalif

    Economy

  9. Tera Portföy manager Alper Öztürk: Senior management made stock purchase decisions

    Alper Öztürk, detained in the Istanbul Chief Public Prosecutor's Office's fund investigation, said in his testimony that the decision to buy shares belonged to the senior managers of the majority shareholder. He claimed that fund management remained only on paper.

    46
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +14: Takvim, Yeni Akit, CNN Türk, A Haber, Yeni Asır, Yeni Şafak, Star, Milat, Haber7, Milliyet, Hürriyet, Türkiye Gazetesi, TGRT Haber and DHA +15: Habertürk, Takvim, Yeni Akit, CNN Türk, A Haber, Yeni Asır, Yeni Şafak, Star, Milat, Haber7, Milliyet, Hürriyet, Türkiye Gazetesi, TGRT Haber and DHA +12: Kısa Dalga, Diken, Gazete Oksijen, Karar, Bloomberg HT, Ekonomim, Dünya, Sigorta Gündem, PSM, ANKA Haber Ajansı, Ekonomi Manşet and Medyascope +13: Bianet, Kısa Dalga, Diken, Gazete Oksijen, Karar, Bloomberg HT, Ekonomim, Dünya, Sigorta Gündem, PSM, ANKA Haber Ajansı, Ekonomi Manşet and Medyascope +9: BirGün, Nefes, Tele2 Haber, Halk TV, Sözcü, soL Haber, Cumhuriyet, Muhalif and Evrensel +10: Yeniçağ, BirGün, Nefes, Tele2 Haber, Halk TV, Sözcü, soL Haber, Cumhuriyet, Muhalif and Evrensel +2: Euronews Türkçe and DW Türkçe

    Economy

  2. 14 more suspects arrested in fund investigation

    The criminal court of peace ordered the arrest of 14 of 20 suspects and judicial control for 3 others. The file has 63 suspects; the proceedings against Doğa Sigorta Board Chair Nihat Kırmızı and Tera Yatırım executives Abdulkadir Özkan and Bülent Uygun continue.

    42
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +11: Habertürk, TGRT Haber, A Haber, Haber7, Yeni Asır, CNN Türk, Yeni Şafak, Sabah, Hürriyet, NTV and Milliyet +12: Yeni Akit, Habertürk, TGRT Haber, A Haber, Haber7, Yeni Asır, CNN Türk, Yeni Şafak, Sabah, Hürriyet, NTV and Milliyet +10: Bloomberg HT, Karar, Dünya, PSM, Sigorta Gündem, Ekonomi Manşet, Ekonomim, Diken, Bianet and Kısa Dalga +11: Gazete Oksijen, Bloomberg HT, Karar, Dünya, PSM, Sigorta Gündem, Ekonomi Manşet, Ekonomim, Diken, Bianet and Kısa Dalga +8: BirGün, Evrensel, Halk TV, Nefes, Tele2 Haber, Sözcü, soL Haber and Cumhuriyet +9: Yeniçağ, BirGün, Evrensel, Halk TV, Nefes, Tele2 Haber, Sözcü, soL Haber and Cumhuriyet +3: Bloomberg, Euronews Türkçe and Naftemporiki +4: DW Türkçe, Bloomberg, Euronews Türkçe and Naftemporiki

    Economy

  1. Fund outflows reached $4 billion in two weeks, money went to lira deposits

    According to Goldman Sachs, $1.8 billion left money market funds in the week ending September 11; in the first two weeks of September, the decline reached $4 billion. Lira deposits increased by $12 billion, with a monthly rise of approximately $20 billion.

    7
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: PSM, Dünya and Sigorta Gündem +4: Ekonomi Manşet, PSM, Dünya and Sigorta Gündem

    Economy

  1. Hedef Yatırım announced that the suspended 2 billion lira transaction was a domestic swap

    For the 2 billion lira transaction stopped by MASAK, Hedef Yatırım stated that it was a same-day value USD/TRY swap with Swissquote, that the TL went to a correspondent account not abroad, and that there was no uncovered outflow.

    13
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Takvim and Milat +3: Haber7, Takvim and Milat +2: Ekonomim and Gazete Oksijen +4: Sözcü, Yeniçağ, Oda TV and BirGün +5: Halk TV, Sözcü, Yeniçağ, Oda TV and BirGün

    Economy

  2. 15 detained in fund investigation, assets of 9 companies frozen

    In the KTLEV investigation conducted by the Istanbul Chief Public Prosecutor's Office, 15 out of 25 suspects were detained and 10 are sought. Justice Minister Gürlek announced that assets of 9 companies were frozen; the Capital Markets Board (SPK) extended the liquidation period of 131 funds to six months.

    41
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +12: NTV, Hürriyet, A Haber, Sabah, TGRT Haber, Yeni Asır, Haber7, Habertürk, Star, Milat, CNN Türk and Yeni Şafak +13: Yeni Akit, NTV, Hürriyet, A Haber, Sabah, TGRT Haber, Yeni Asır, Haber7, Habertürk, Star, Milat, CNN Türk and Yeni Şafak +9: Bloomberg HT, Ekonomim, Gazete Oksijen, Dünya, Ekonomi Manşet, PSM, Sigorta Gündem, Diken and Kısa Dalga +10: Karar, Bloomberg HT, Ekonomim, Gazete Oksijen, Dünya, Ekonomi Manşet, PSM, Sigorta Gündem, Diken and Kısa Dalga +10: Halk TV, Gerçek Gündem, Tele2 Haber, BirGün, Muhalif, Cumhuriyet, Oda TV, Nefes, Yeniçağ and soL Haber +11: Sözcü, Halk TV, Gerçek Gündem, Tele2 Haber, BirGün, Muhalif, Cumhuriyet, Oda TV, Nefes, Yeniçağ and soL Haber

    Economy

  1. Tanrıkulu and Erbakan call for accountability over fund crisis

    Yeni Parti MP Sezgin Tanrıkulu stated that the value of the 131 fund companies placed under surveillance was 297 billion lira (TL) in November 2025 and 822 billion TL in September, saying political responsibility lies with the government. Fatih Erbakan claimed that the events unfolded "right before the State's eyes."

    2
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Politics

  2. Hakan Kara: Likelihood of Central Bank rate cut in October has increased

    Former Central Bank chief economist Prof. Dr. Hakan Kara said recent fund market developments could slow growth and ease inflationary pressures, noting a 100-basis-point rate cut may be preferred at the Central Bank (TCMB) October meeting.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  3. MASAK probe requested for 4 companies in fund investigation

    A probe by the Financial Crimes Investigation Board (MASAK) was requested into the financial transactions of executives and their relatives at Pusula Finans Holding, Tera Yatırım, Hedef Holding, and Bulls Yatırım. YENİ Party lawmaker Sezgin Tanrıkulu said a loss of 525 billion lira (TL) was condoned in recent months and more than 500,000 small investors were affected.

    21
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +4: Sabah, TGRT Haber, Star and CNN Türk +5: Habertürk, Sabah, TGRT Haber, Star and CNN Türk +4: Bloomberg HT, Serbestiyet, Sigorta Gündem and PSM +5: Karar, Bloomberg HT, Serbestiyet, Sigorta Gündem and PSM +4: Evrensel, Halk TV, Nefes and Yeniçağ +5: BirGün, Evrensel, Halk TV, Nefes and Yeniçağ

    Economy

  4. Two more detained from Tera Yatırım in capital markets investigation

    Tera Yatırım board members Bülent Uygun and Abdulkadir Özkan have been detained. In the investigation, it was previously determined that Serdar Turhan transferred 15 million dollars and Muhammed Yarız transferred 25 million euros to Switzerland, and Nihat Kırmızı was also detained.

    38
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +13: Hürriyet, Takvim, Sabah, CNN Türk, Yeni Akit, TGRT Haber, Milat, Yeni Şafak, Milliyet, Star, Habertürk, Yeni Asır and Haber7 +14: NTV, Hürriyet, Takvim, Sabah, CNN Türk, Yeni Akit, TGRT Haber, Milat, Yeni Şafak, Milliyet, Star, Habertürk, Yeni Asır and Haber7 +9: Serbestiyet, Ekonomim, Dünya, Bloomberg HT, Sigorta Gündem, Ekonomi Manşet, Diken, Kısa Dalga and Bianet +10: Gazete Oksijen, Serbestiyet, Ekonomim, Dünya, Bloomberg HT, Sigorta Gündem, Ekonomi Manşet, Diken, Kısa Dalga and Bianet +6: Sözcü, Gerçek Gündem, Tele2 Haber, Muhalif, Cumhuriyet and BirGün +7: Nefes, Sözcü, Gerçek Gündem, Tele2 Haber, Muhalif, Cumhuriyet and BirGün +2: Bloomberg and Euronews Türkçe

    Economy

  1. Hakan Kara: Growth in the fund market could slow economic expansion

    In an X post, Prof. Dr. Hakan Kara wrote that developments in the fund market would slow economic activity and growth via wealth and liquidity effects, adding he expects a 100-basis-point interest rate cut in October due to easing inflationary pressures.

    1
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  2. Names in Tera management in spotlight after Capital Markets Board liquidates 131 funds

    Following the Capital Markets Board (SPK) decision to liquidate 131 funds traded on TEFAS belonging to 7 portfolio management firms, the executives of Tera Portföy and Tera Yatırım are being discussed; Sözcü noted that serving in management does not constitute an accusation of wrongdoing in itself.

    3
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  3. Five executives from Pusula and Tera detained in fund investigation

    In the Istanbul Chief Public Prosecutor's Office's capital markets investigation, Pusula Holding Chairman Serdar Turhan, Tera Yatırım Holding Chairman Emre Tezmen, and executives Alper Öztürk, Emre Alkin and Kerem Alkin were detained. In the case file, 4 suspects are under arrest, and 51 people are subject to a travel ban and asset freeze.

    32
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +10: NTV, Haber7, Sabah, Yeni Şafak, Hürriyet, Yeni Akit, Star, Milat, Habertürk and Yeni Asır +11: TGRT Haber, NTV, Haber7, Sabah, Yeni Şafak, Hürriyet, Yeni Akit, Star, Milat, Habertürk and Yeni Asır +7: Karar, Ekonomi Manşet, PSM, Sigorta Gündem, Diken, Serbestiyet and Bloomberg HT +8: Gazete Oksijen, Karar, Ekonomi Manşet, PSM, Sigorta Gündem, Diken, Serbestiyet and Bloomberg HT +8: Oda TV, Sözcü, BirGün, Gerçek Gündem, Halk TV, Evrensel, Yeniçağ and Tele2 Haber +9: Cumhuriyet, Oda TV, Sözcü, BirGün, Gerçek Gündem, Halk TV, Evrensel, Yeniçağ and Tele2 Haber

    Economy

  4. Altunç Kumova recounted in his statement the agreement he made with Tera Yatırım for the public offering

    Destek Holding's major shareholder Altunç Kumova, arrested in the investigation, stated they agreed with Tera Yatırım for a 2% commission on Destek Faktoring's IPO, with Tera Group firms and qualified investors purchasing a 20% stake. He described the valuation rising to 1.3 trillion lira (TL) as an "abnormal figure."

    23
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +5: Haber7, Sabah, CNN Türk, Habertürk and Milat +6: A Haber, Haber7, Sabah, CNN Türk, Habertürk and Milat +3: Sigorta Gündem, Ekonomi Manşet and Ekonomim +4: Karar, Sigorta Gündem, Ekonomi Manşet and Ekonomim +8: Nefes, BirGün, Tele2 Haber, Yeniçağ, Oda TV, Muhalif, Cumhuriyet and Sözcü +9: Halk TV, Nefes, BirGün, Tele2 Haber, Yeniçağ, Oda TV, Muhalif, Cumhuriyet and Sözcü

    Economy

  5. Arrests and travel bans for 51 people in capital markets investigation

    Justice Minister Akın Gürlek announced that suspects, including a fund management board chairman and members, were arrested over allegations of manipulative trading, and 51 people were banned from leaving the country; access to 246 social media accounts was blocked.

    28
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +6: Yeni Asır, A Haber, Hürriyet, Haber7, Habertürk and Milat +7: Takvim, Yeni Asır, A Haber, Hürriyet, Haber7, Habertürk and Milat +5: Ekonomim, Karar, Diken, Dünya and Ekonomi Manşet +6: Bianet, Ekonomim, Karar, Diken, Dünya and Ekonomi Manşet +6: Gerçek Gündem, Sözcü, Oda TV, Nefes, Halk TV and Muhalif +7: BirGün, Gerçek Gündem, Sözcü, Oda TV, Nefes, Halk TV and Muhalif +2: BBC Türkçe and Asharq Al-Awsat

    Economy

  6. WSJ examines investment fund crisis in Türkiye and liquidation of 131 funds

    The Wall Street Journal analyzed the turmoil that began when certain funds failed to fulfill redemption requests and spread to Borsa Istanbul (BIST); the Capital Markets Board (SPK) initiated the liquidation of 131 funds belonging to 7 portfolio management companies.

    17
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: Ekonomim, Kıbrıs Genç TV, Kısa Dalga, Serbestiyet, Karar, Dünya, PSM, Sigorta Gündem and Ekonomi Manşet +10: Bloomberg HT, Ekonomim, Kıbrıs Genç TV, Kısa Dalga, Serbestiyet, Karar, Dünya, PSM, Sigorta Gündem and Ekonomi Manşet

    Economy

  1. Polemic between economist Ash and Sabah columnists in Tera dispute

    According to Evrensel, British economist Timothy Ash described on X the presence of certain columnists on the boards of liquidated funds as a "conflict of interest"; the debate continued through Sabah columnists Kerem Alkin and Dilek Güngör.

    1
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  2. Financial Times: Problem in fund sector caused sharp drop in BIST 100

    According to a report by Ekonomim citing the Financial Times, the BIST 100 index fell more than 8% during the week after a portfolio management company announced it could not meet redemption requests on some of its funds.

    1
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  3. Two executives leave Tera Finansal Yatırımlar and Hedef Holding

    Erkan Kilimci, Deputy Chairman and General Manager of Tera Finansal Yatırımlar Holding, resigned of his own accord; Hedef Holding notified the Public Disclosure Platform (KAP) that board member Namık Kemal Gökalp resigned due to a legal process against him.

    9
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Sigorta Gündem and Ekonomi Manşet +3: PSM, Sigorta Gündem and Ekonomi Manşet +2: Cumhuriyet and Sözcü +3: BirGün, Cumhuriyet and Sözcü

    Economy

  4. Public institutions take steps in fund crisis, Central Bank foreign currency sales in focus

    The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Türkiye Wealth Fund was reported to have made purchases on the stock exchange.

    4
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign

    Economy

  5. Capital Markets Board assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

    Assets of 130 funds belonging to seven portfolio management companies will be converted to cash, with the process to be completed within three months at most. Treasury and Finance Minister Mehmet Şimşek said, "There is no structural problem in the stock market or the fund market."

    22
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +9: Serbestiyet, Dünya, Karar, Gazete Oksijen, Kısa Dalga, Ekonomim, Ekonomi Manşet, PSM and Sigorta Gündem +10: Bloomberg HT, Serbestiyet, Dünya, Karar, Gazete Oksijen, Kısa Dalga, Ekonomim, Ekonomi Manşet, PSM and Sigorta Gündem +3: Cumhuriyet, Yeniçağ and BirGün +4: Gerçek Gündem, Cumhuriyet, Yeniçağ and BirGün

    Economy

  1. Capital Markets Board halts trading of 7 portfolio companies' funds on TEFAS

    The Capital Markets Board (SPK) suspended buying and selling of funds managed by Tera, Pusula, Hedef, Atlas, A1, Pardus and Bulls Portföy on TEFAS; according to ForInvest data, a liquidation decision was taken for 130 funds, and the equity ratio for margin trading was lowered to 20%.

    21
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Hürriyet and Yeni Asır +3: Habertürk, Hürriyet and Yeni Asır +7: Bianet, Ekonomim, Dünya, Gazete Oksijen, Kısa Dalga, Sigorta Gündem and PSM +8: Diken, Bianet, Ekonomim, Dünya, Gazete Oksijen, Kısa Dalga, Sigorta Gündem and PSM +4: Yeniçağ, BirGün, Sözcü and Gerçek Gündem +5: Evrensel, Yeniçağ, BirGün, Sözcü and Gerçek Gündem

    Economy

  1. Hedef Holding Chairman Namık Kemal Gökalp detained

    Namık Kemal Gökalp, board chairman of Hedef Holding and İnfo Yatırım, was detained in Istanbul on September 16 as part of an investigation. The holding said Gökalp had been invited to the police station and that the company had no connection to the investigation.

    7
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +3: Evrensel, Yeniçağ and Halk TV +4: Cumhuriyet, Evrensel, Yeniçağ and Halk TV

    Economy

  2. BIST 100 falls 5.54%, Financial Stability Committee to meet in the morning

    BIST 100 fell 5.54% to 13,122.58 points on 16 September, driven by a portfolio company defaulting on fund payments and Middle East tensions. The Financial Stability Committee will convene on 17 September at 08:00 under Minister Mehmet Şimşek.

    12
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: Dünya and Ekonomim +3: Evrensel, Halk TV and Yeniçağ +4: BirGün, Evrensel, Halk TV and Yeniçağ

    Economy

  3. Tera Portföy declares default in two funds, payment periods extended in six funds

    On the evening of September 16, as Borsa Istanbul (BIST) fell sharply, Tera Portföy declared a payment default in its THF and TP2 funds. Unit share value in six free funds, including TLY, will now be calculated on the 15th of each month, with sale proceeds paid on the 10th business day.

    6
    Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
    +2: BirGün and Evrensel +3: Cumhuriyet, BirGün and Evrensel

    Where reports differ

    Independent Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.
    Opposition Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.

    Economy

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