During this process, 56 suspects were arrested, and search, seizure and detention orders were issued for 34 suspects. The number of suspects processed reached 217. Movements in 26 stocks that are considered to be subject to speculative and manipulative transactions are examined. Legal processes will be carried out to transfer the assets determined to be obtained from crime to the fund to be established within the SDIF.
Minister of Justice Akın Gürlek, who announced that the number of suspects reached 217 with the 5th wave operation in the fund investigations, announced that the legal process will be initiated to transfer the assets obtained from crime to the fund to be established within the SDIF.
Sharing information about the latest stage of the new operation in the investigation, Minister Gürlek said, "The will of our President, Mr. Recep Tayyip Erdoğan, to protect the rights of our investor citizens and strengthen the safe and healthy functioning of the capital markets is clear. As the Ministry of Justice, we resolutely fulfill all our responsibilities to protect the rights of our citizens without compromising the rule of law. The 5th wave operation was carried out today in the fund investigations carried out by the Istanbul Chief Public Prosecutor's Office Crimes Laundering Investigation Bureau; "Search, seizure and detention orders have been issued for 34 suspects. Thus, the number of suspects against whom action has been taken has reached 217; 56 suspects have been arrested and judicial control measures have been implemented against 88 suspects."
Search at Nil Özalp's house
On the other hand, singer Nil Özalp was detained in the fund investigation. It was learned that Özalp's house was searched by the teams of the Financial Crimes Fighting Branch Directorate upon the allegation that he had some documents belonging to Pusula Portföy Chairman Muhammet Yarız, who was detained within the scope of the investigation.
Coverage expanded
With the new letter sent by the CMB to the Turkish Capital Markets Association, the investigation will not be limited to stock exchange and fund transactions; It is also carried out with measures covering a wide range of assets, from bank transactions to capital market instruments, from real estate to air and sea vehicles and crypto assets.
Assets to SDIF fund
Stating that the scope of the investigations is not limited to existing funds and suspects, Minister Gürlek said, "The movements in 26 stocks, which are considered to be the subject of speculative and manipulative transactions, are being examined in detail; the transaction histories, money movements and connections of individuals and accounts that have made profits at extraordinary rates in a short time are also being investigated. Legal processes will be carried out to transfer the asset values determined to be obtained from crime to the fund to be established within the SDIF within the framework of the procedures prescribed by law."
Application for transfer
It was announced that Türkiye Emlak Katılım Bankası AŞ applied to the Competition Authority for the transfer of shares of Katılımevim Tasarruf Finansman AŞ, Birevim Tasarruf Finansman AŞ and İktisat Katılım Bankası AŞ. Accordingly, the permit and approval processes continue.
The impact on BES is being monitored
Turkish Insurance Association (TSB) made a statement regarding the allegations that there was an increase in requests for exit from the Private Pension System (BES) following the liquidation decisions of the Capital Markets Board (CMB). TSB stated that the largest share of liquidated funds belongs to the hedge fund type and that these funds are not among the BES funds, and pointed out that the legal and operational structures of investment funds and pension investment funds are different. TSB emphasized that no liquidity problems have arisen in pension investment funds to date.
emphasis on independence
After President Erdoğan appointed DDK, it was learned that DDK President Salih Tanrıkulu resigned from his duties on the board of directors of Borsa Istanbul in order to carry out the audit process with complete impartiality and independence and to avoid any different evaluations by the public. In his statement on his social media account, Tanrıkulu shared the information: "Upon the instructions of our President, DDK has started examination and auditing activities in order to carry out the transactions of investment funds and audit activities in the capital market in accordance with the legislation and to implement the necessary administrative and legal measures."
Their management passed to TMSF
