Borsa Istanbul investigation targets 109 suspects for fund manipulation

Borsa Istanbul market manipulation investment fund fraud financial crime investigation asset seizure

The Istanbul Chief Public Prosecutor's Office is conducting a major investigation into market manipulation and fraud involving investment funds on Borsa Istanbul. Financial measures and asset freezes have been imposed on 109 suspects, including prominent business figures and political names such as former Minister Fatma Betül Sayan Kaya. The investigation alleges that organized groups used portfolio management funds to artificially inflate certain stock prices by as much as 100 times their actual value to generate illicit gains.

The Prosecutor's Office issued a clarification regarding the list of suspects, noting that 29 individuals were erroneously included in recent communications to the Central Bank and the Capital Markets Association due to a clerical error. The office confirmed that the financial restrictions on the remaining 109 suspects remain in effect.

Parallel investigations in Turkey have uncovered various other financial crimes, including an international Forex and crypto fraud network operating through call centers that utilized polygraph tests on employees. Additionally, authorities have arrested suspects involved in AI-generated social media scams promising high returns on stock investments.

Entities

Amit Ygal · Borsa İstanbul · FACTO · Fatma Betül Sayan Kaya · Istanbul Chief Public Prosecutor's Office · Istanbul Police Department · Maksym Verzilov · Pusula Portföy · Tera Yatırım Grubu · Webmove Holdings Limited

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] The Istanbul Chief Public Prosecutor's Office has imposed financial measures on 109 suspects in a market manipulation and fraud investigation involving Borsa Istanbul funds. www.izgazete.net · www.karar.com · www.haberturk.com · www.odatv.com · onedio.com
[● 2 SOURCES] The investigation involves high-profile names including Emre Tezmen, Serdar Turhan, Muhammed Yarız, Nihat Kırmızı, Enver Çevik, Feridun Geçgel, and Fatma Betül Sayan Kaya. www.odatv.com · onedio.com
[● 3 SOURCES] The prosecutor's office clarified that 29 individuals previously removed from the list were erroneously included in a recent communication to the Central Bank and the Capital Markets Association. www.izgazete.net · www.karar.com · www.haberturk.com
[○ 1 SOURCE] In a separate Forex fraud investigation, suspects used polygraph tests on employees to monitor loyalty and prevent information leaks. halktv.com.tr
[○ 1 SOURCE] An international Forex and crypto fraud investigation led to operations against 29 companies and 44 call centers, resulting in over 200 detentions. www.tevhidhaber.com
[● 2 SOURCES] The investigation identified organized manipulative actions in Borsa Istanbul, where some stock prices were artificially increased by up to 100 times their actual value using investment funds. www.odatv.com · onedio.com
[○ 1 SOURCE] Nine suspects were arrested in a five-province operation targeting AI-generated social media advertisements for fraudulent stock investment advice. www.sondakika.com
[○ 1 SOURCE] A social media investment fraud investigation revealed a transaction volume of 1.3 billion TL across accounts linked to shell companies. www.vanhabergazetesi.com