
The Capital Markets Board decided to file a criminal complaint and impose a 2-year trading ban due to transactions in the Vişne Madencilik and Işıklar Enerji share markets.
While CMB filed a criminal complaint against 37 people due to transactions in Vişne Madencilik and Işıklar Enerji share markets, it imposed a transaction ban on relevant institutions and individuals for 2 years.
AI-generated summary
CMB published its decisions regarding irregular transactions in the capital market and capital increase applications in its weekly bulletin.
The Capital Markets Board (CMB) decided to file a criminal complaint regarding the transactions in the Vişne Madencilik and Işıklar Energy share markets and imposed a transaction ban on the relevant persons and organizations for 2 years.
CMB published its weekly bulletin dated October 16, 2026 and numbered 2026/70. In addition to capital increase and debt instrument issuance applications, the bulletin included decisions regarding sanctions for transactions in the share markets, new fund institutions and investment funds in the liquidation process.
According to the CMB bulletin, as a result of the investigation regarding the transactions carried out in the Vişne Madencilik Üretim Sanayi ve Ticaret AŞ (VSNMD) share market, it was decided to file a criminal complaint against 22 people, and against 15 people due to the transactions in the Işıklar Enerji ve Yapı Holding AŞ (IEYHO) share market. The decisions were taken within the scope of the first paragraph of Article 107 of the Capital Markets Law No. 6362.
2 YEAR TRANSACTION PROHIBITION
In connection with the transactions in the Vişne Madencilik share market, it was decided to impose a 2-year transaction ban on Tera Yatırım Menkul Değerler AŞ and Tera Portföy Yönetimi AŞ and the persons and organizations specified in the table, limited to the transactions they carried out in their own names and accounts in the VSNMD share.
Due to the transactions in the Işıklar Enerji share market, it was decided to impose a 2-year transaction ban on Alnus Yatırım Menkul Değerler AŞ and related persons, limited to the transactions they carried out in their own names and accounts in the IEYHO share. It has been decided that the period of 3 people who were previously subject to a 6-month temporary transaction ban will be deducted from the new ban period.
LICENSES WILL BE CANCELED
The Board decided to cancel all licenses of some people who were accused of criminal charges due to the transactions of both companies in the share markets, during the period of the transaction ban. It was reported that the sanctions in question will be implemented within the scope of the provisions of the Communiqué on Measures to be Applied in Information Abuse and Market Fraud Investigations.
ŞEKERBANK'S CAPITAL WILL INCREASE BY 1 BILLION LIRA
CMB approved the increase of Şekerbank TAŞ's current capital, which is 2.5 billion lira, to 3.5 billion lira, with an increase of 1 billion lira, within the scope of applications for share issuances of public partnerships. Mercan Kimya Sanayi ve Ticaret AŞ's current capital of 190 million 370 thousand 946 liras was allowed to be increased by 380 million 741 thousand 892 liras to be covered from internal resources, reaching 571 million 112 thousand 838 liras.
CMB allowed the establishment of Akasya Portföy Yönetimi AŞ's debt instruments, variable, stock, money market and free umbrella funds. It was also reported in the bulletin that the issuance documents for Büyükdemir Portföy Yönetimi AŞ's stock intensive fund, Inveo Portföy Yönetimi AŞ's third venture capital investment fund and Neo Portföy Yönetimi AŞ's 17th real estate investment fund were approved.
LIQUIDATION OF HEDEF PORTFOLIO FUNDS WILL BE STARTED
CMB decided to exclude the funds established by Hedef Portföy Yönetimi AŞ from the scope of the regulation regarding the liquidation process and to start liquidation procedures for these funds. Accordingly, the liquidation of Hedef Portfolio funds will be subject to the principles determined for the funds previously established by A1 Capital Portfolio Management, Bulls Portfolio Management and Pardus Portfolio Management.
AI outlook — possibilities, not facts
Starting the liquidation process of Hedef Portföy funds
Very likely · Within weeks

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