# Pusula Portföy investment fund scandal

> Live situation record from CLSTR: https://clstr.news/situations/pusula-portfy-investment-fund-scandal
> Updated: 2026-09-29T05:27:19.000Z. Sources: 27. Developments: 2.

Muhammet Yarız, president of the Turkish investment management firm Pusula Portföy, is in custody following a collapse of investment funds affecting hundreds of thousands of depositors. The crisis involves allegations of artificial stock price manipulation and concentrated positions in specific listed companies.

While Turkish authorities have frozen various assets, including luxury vehicles, Yarız reportedly traveled from Marmaris to Rhodes, Greece, aboard the luxury yacht ‘Amor’ despite a pending arrest warrant and a travel ban. At least two of his vessels, the ‘Pusula’ and the ‘Junior Amor’, are currently located in Rhodes. There are ongoing concerns regarding the potential movement of significant funds abroad and the removal of assets from Turkey.

## Timeline

### 2026-09-29: Turkish businessman Muhammet Yarız linked to investment fund scandal

Turkish businessman Muhammet Yarız, linked to the Pusula Portföy investment fund collapse, is under investigation as his luxury yachts were reportedly located in Rhodes, Greece.

5 sources. https://clstr.news/cluster/turkish-businessman-muhammet-yarz-linked-to-investment-fund-scandal

### 2026-09-23: Bodrum Port Authority Head arrested in bribery sting

Bodrum Regional Port Authority Head Tuncay Aydın was arrested in a bribery sting involving luxury yacht entries for a Russian businessman.

22 sources. https://clstr.news/cluster/bodrum-port-authority-head-detained-in-bribery-sting

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Cite as: Pusula Portföy investment fund scandal. CLSTR, https://clstr.news/situations/pusula-portfy-investment-fund-scandal