Turkish prosecutor expands capital market probe into fund transactions
Istanbul prosecutors expand a major investigation into Turkish capital markets, targeting former central bank and ministry officials.
The Istanbul Chief Public Prosecutor’s Office has expanded an investigation into unusual transactions within capital markets and investment funds in Turkey. The probe began before the fund crisis gained public attention, following requests by prosecutors to the Capital Markets Board (SPK) for records regarding suspicious stock and fund activities.
On 17 September, the SPK ordered the liquidation of several investment funds. The ongoing judicial investigation has since broadened to encompass former Central Bank officials as well as personnel within government ministries and the regulatory board. Recent developments include sequential arrests of several high-level figures previously appointed to public posts.
Sources: Cumhuriyet.