started · updated
Tera Portföy faces 300 billion TL fund redemption crisis
Tera Portföy has reported that it faced approximately 300 billion TL in total fund redemption requests over a short period. While the company successfully completed payments for four specific funds (TRJ, FSU, TMM, and TRU) between September 16 and 18, 2026, further investor payments have been halted. This suspension is due to transaction restrictions and blocks placed on the company's accounts at Takasbank on September 18.
The situation is unfolding amid a large-scale investigation by the Istanbul Chief Public Prosecutor's Office into capital market operations. As part of this probe, Tera Yatırım Board Members Bülent Uygun and Abdulkadir Özkan have been taken into custody. The investigation has also expanded to include financial data and international transfers of executives from Pusula Finans Holding and other related entities, following reports of significant transfers to Swiss bank accounts.
To manage the crisis, the Capital Markets Board (SPK) has authorized Türkiye İş Bankası A. Ş. to oversee the liquidation process for the affected funds. The investigation continues to examine potential market manipulation and suspicious financial movements involving various holding companies and their leadership.
Entities
Bülent Uygun · Capital Markets Board of Turkey · Istanbul Chief Public Prosecutor's Office · Takasbank · Tera Portföy · Tera Portföy Yönetimi A. Ş. · Türkiye İş Bankası
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Payments to investors were halted on September 18 due to transaction restrictions and blocks placed on the company's Takasbank account. www.borsagundem.com.tr · www.cnbce.com · www.ekoturk.com · www.gazetebirlik.com · www.haberaktuel.com · +3 more
- [● 2 SOURCES] The prosecutor's office requested MASAK to examine the financial data and international transfers of executives from Pusula Finans Holding and related companies. www.haberaktuel.com · www.sondakika.com
- [● 8 SOURCES] Redemption payments for four specific funds (TRJ, FSU, TMM, and TRU) were completed between September 16 and 18, 2026. www.borsagundem.com.tr · www.cnbce.com · www.ekoturk.com · www.gazetebirlik.com · www.haberaktuel.com · +3 more
- [● 2 SOURCES] A MASAK report identified a transfer of approximately 2.889 billion TL from Pusula Portföy Chairman Muhammed Yarız to an account at Edmond de Rothschild Bank in Switzerland. www.internethaber.com · www.sondakika.com
- [● 8 SOURCES] Tera Portföy experienced approximately 300 billion TL in total fund redemption requests over a short period. www.borsagundem.com.tr · www.cnbce.com · www.ekoturk.com · www.gazetebirlik.com · www.haberaktuel.com · +3 more
- [● 3 SOURCES] Tera Yatırım Board Members Bülent Uygun and Abdulkadir Özkan have been taken into custody as part of a fund market investigation. www.son.tv · www.karar.com · www.sondakika.com
- [● 5 SOURCES] Türkiye İş Bankası A. Ş. has been authorized to manage the liquidation process for the affected funds. www.borsagundem.com.tr · www.gazetebirlik.com · www.haberaktuel.com · www.bursahakimiyet.com.tr · www.f5haber.com