[REVISION HISTORY]

Turkish political investigation into Fatma Betül Sayan Kaya

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-28 19:27 UTC → 2026-09-29 01:35 UTC · added ~~removed~~

Fatma Betül Sayan Kaya, a former Turkish Minister and AK Party Vice President, has resigned from all political positions following allegations of financial irregularities. The investigation centers on suspicious stock market transactions and investment funds, specifically involving high-value trades of Özata Denizcilik shares. Reports suggest Kaya and her husband, İlyas Kaya, were involved in transactions where approximately 163 million Turkish liras were invested and over 2 billion Turkish liras were subsequently withdrawn. Additionally, claims have emerged regarding money movements exceeding 11 billion lira related to liquidated ~~funds.~~ funds involving Melis Sütşurup Sandal. President Recep Tayyip Erdoğan has accepted Kaya’s resignation, stating that all accusations must be thoroughly ~~examined.~~ examined and that those responsible for harming national wealth will be held accountable. Kaya noted that her resignation is intended to allow the allegations to be “fully clarified and investigated.” As the investigation expands, authorities have suspended 131 investment funds, valued at approximately 17 billion euros, amid suspicions of market manipulation. This action has reportedly affected nearly 500,000 small investors who utilized these funds to protect savings against high inflation. Justice Minister Akin Gürlek has likened the operation to a “pyramid scheme.” While the Capital Markets Board (SPK) examines potential market ~~manipulation,~~ manipulation or information abuse, the Istanbul Chief Public Prosecutor's Office has initiated legal proceedings against 76 individuals. Law enforcement actions have already resulted in the detention of over 50 fund managers and businesspeople. Opposition figures, including Zeynel Emre of the New Party, have highlighted that Kaya allegedly realized approximately 27.5 million dollars from stock sales just before a major market downturn on September 16.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.