In his statement, Emre Tezmen argued that he made the strategic investment decisions in the Tera Group, which consists of approximately 40 companies, but that he had nothing to do with which shares the funds bought and sold.
Stating that Tera PYŞ has a separate management, Tezmen claimed that he was not aware of the fund purchase-sale decisions.
Tezmen said about Tera Yatırım's market value increasing from approximately 1.4 billion lira to 280 billion lira in a year: "This is not an inflationary increase. Even this price is still cheap." he said.
Tezmen was asked whether he considered himself responsible for the suffering of thousands of citizens who could not collect their money due to the default of Tera PYŞ. Tezmen stated that he was sorry for what happened, but claimed that there was no fault of Tera or its managers.
According to the Prosecutor's Office MASAK report, Tezmen was asked about the money transfer of 1 billion 159 million 772 thousand liras at once on August 28, 2026. Tezmen said that he thought the transaction was related to the acquisition of Prive Sigorta, but he did not remember the details.
Tezmen argued that he was not aware of the fund purchases and that the decisions were made by the PYŞ management.
In the statement made by the Istanbul Chief Public Prosecutor's Office on September 21, it was stated that in the investigation carried out by the Terrorism Financing and Laundering Crimes Investigation Bureau regarding the transactions carried out in the capital markets, it was determined that market fraud was committed in Katılımevim Tasarruf Finansman AŞ (KTLEV) in the audit report of the Capital Markets Board (CMB) dated September 17.
In the statement, it was stated that within the scope of the investigation carried out regarding the shares of this company, legal proceedings were initiated against 25 suspects, 15 suspects were detained, and efforts to capture 10 fugitive suspects continued. In the financial aspect of the investigation, Pusula Finans Holding, Pusula Yatırım Menkul Değerler, Tera Yatırım Menkul Değerler, Tera Portföy Yönetimi, Hedef Holding, Hedef Portföy Yönetimi, Bulls Yatırım Menkul Değerler, Bulls Portföy Yönetimi, Ufuk Yatırım Yönetimi ve Gayrimenkul. It was stated that the money and assets of related executives and officials were frozen.
In the statement, it was noted that warrants were written to the Banks Association of Turkey, the Participation Banks Association of Turkey, the Association of Turkish Notaries, the General Directorate of Land Registry and Cadastre, the General Directorate of Maritime Affairs, the General Directorate of Civil Aviation and MASAK in order to prevent the smuggling of the assets subject to investigation, their transfer to third parties or their reduction, and said, "Transactions that reduce the assets of the chairman and members of the board of directors of the mentioned fund companies, their authorized signatories and their spouses and first degree blood relatives should not be carried out without the knowledge and opinion of the Chief Public Prosecutor's Office." "The investigations have been reported to all relevant institutions and are continuing meticulously in all aspects." statements were included.
HOW DID THE INVESTIGATION START?
In the memorandum sent by the Istanbul Chief Public Prosecutor's Office to MASAK on September 17, it was requested to provide financial data regarding the managers of Pusula Finans Holding AŞ, Tera Yatırım Menkul Değerler AŞ, Hedef Holding AŞ and Bulls Yatırım Menkul Değerler AŞ and their subsidiaries.
It was requested that the clear identity information of all managers of the companies be determined, and that their money and crypto asset transfers abroad since 2024, as well as all money inflows and outflows, be sent to the Chief Public Prosecutor's Office in raw data.
It was learned that the financial review, which covers the money and crypto asset movements of the managers of these companies as well as their first degree relatives, aims to determine whether money has been transferred abroad or crypto assets have been issued through these people.
In the investigation carried out by the Istanbul Chief Public Prosecutor's Office, Terrorism Financing and Laundering Crimes Investigation Bureau, Tera Yatırım Holding Chairman of the Board of Directors Emre Tezmen, Tera Yatırım Holding Board Member Emre Alkin, Tera Yatırım Independent Board Member Kerem Alkin, Tera Portföy General Manager Alper Öztürk and Pusula Holding Chairman of the Board Serdar Turhan were detained.
Police teams had searched the office rooms of the suspects Emre Tezmen and Alper Öztürk.
