Tera Group faces trading bans and criminal complaints

The Capital Markets Board (SPK) has launched a broad investigation into the Tera Group and its associated entities following developments in certain portfolio management companies and investment funds.

As a result of the investigation into transactions conducted in the share market of Tera Finansal Yatırımlar Holding AŞ, the SPK has decided to file criminal complaints against 37 individuals, including Ecem Tuğçe Akçay. Akçay previously served as the Internal Control and Compliance Director and as a Board Member responsible for Internal Control at Tera Portföy Yönetimi A. Ş.

In addition to the criminal complaints, the SPK has imposed a two-year ban on trading in stock markets and other organized markets for Tera Yatırım Menkul Değerler AŞ, Tera Portföy Yönetimi AŞ, and the involved individuals.