4 arrests in fund investigation
Suspects, including former CMB executives, in the fund investigation in the capital markets were referred to the courthouse and 4 people were arrested.
Quick Look
- In the fund investigation in the capital markets, 4 suspects, including former CMB Deputy Chairman Enver Usca, were arrested.
- Within the scope of the investigation, a total of 6 suspects were referred to the courthouse.
AI-generated summary
Why It Matters
A fund investigation is being carried out regarding transactions carried out in the capital markets.
Within the scope of the fund investigation, 4 suspects, including former CMB Deputy Chairman Enver Usca, were arrested
4 arrests in fund investigation
Within the scope of the fund investigation regarding transactions carried out in the capital markets, 4 suspects, including former Capital Markets Board (CMB) Deputy Chairman Enver Usca, were arrested.
Former CMB Deputy Chairman Enver Usca, former CMB Board Member Bülent Murat Haholu, former CMB Head of Partners Financing Department Kürşat Sait Babuçcu, former CMB Market Supervision and Audit Department Head Ercan Urkan, Banking Regulation and Supervision Agency (BDDK) 4th Department Head Mustafa Alper Taş, and Tera Holding Administrative Affairs Director Ümit Sincanlı's statements at the prosecutor's office have been completed.
While the suspects Usca, Urkan, Taş and Sincanlı were referred to the criminal judgeship of peace with a request for arrest, Babuçcu for judicial control, Haholu was released after his statement.
The judgeship decided to arrest Enver Usca, Ercan Urkan and Mustafa Alper Taş for the crime of "bribery", and Ümit Sincanlı for the crimes of "being a member of an organization established for the purpose of committing a crime" and "laundering assets resulting from crime".
It was decided to impose judicial control measures in the form of signature and travel bans abroad against the suspect Kürşat Sait Babuçcu.
6 suspects, who were detained on November 3 as part of the investigation, were sent to the courthouse yesterday.
What Happened Today? November 5, 2026 news: US election results and Azerbaijan message from President Erdoğan, Fatma Betül Sayan Kaya and her husband testified, what awaits Trump? The enthusiasm continues underneath
Helin Genç tells the prominent news of the day in "What Happened Today?" PRESIDENT ERDOĞAN EVALUATED THE US ELECTION RESULTS Speaking upon his return from his visit to South Korea, President Erdoğan said regarding the US midterm elections: "I hope the results will be beneficial for the American people. Turkish-American relations are deep-rooted and based on solid foundations. Our greatest wish is that the election results will contribute to permanent peace and stability in our geography. For this purpose, we will continue to be in close dialogue with both the American Administration, the House of Representatives and the Senate." he said. "I AM THINKING ABOUT A VISIT TO AZERBAIJAN ON NOVEMBER 8" Referring to the relations with Azerbaijan, Erdogan said, "Our relations with Azerbaijan are far beyond classical diplomatic contacts. There is no obstacle that the brotherhood of Turkey and Azerbaijan cannot overcome, God willing. Azerbaijan's Victory Day is on November 8. I also hope that, unless an extraordinary situation occurs, there will be an Azerbaijani meeting on November 8." "I am thinking of making a visit. I hope we will have the opportunity to take the necessary steps through this visit." he said. FUND STATEMENT FROM PRESIDENT ERDOĞAN Speaking about the fund investigation, Erdoğan said, "You see, people you never expected are involved in these things. The judiciary detects them and does what is necessary. My dear nation should know very well that anyone who makes unfair profits, manipulates the capital markets or facilitates them will be held accountable." FATMA Betül Sayan Kaya, her husband İlyas Kaya and İbrahim Ömer Gönül testified. Fatma Betül Sayan Kaya, her husband İlyas Kaya and former Capital Markets Board Chairman İbrahim Ömer Gönül, who were called to testify as "suspect" within the scope of the fund investigation; He came to the Istanbul Courthouse to testify. MINISTER ŞİMŞEK: WE CREATED SPACE IN THE BUDGET FOR PENSIONERS. On the other hand, Minister of Treasury and Finance Mehmet Şimşek, in his speech at the Parliamentary Planning and Budget Commission, said, "We created space to support the purchasing power of our retirees in the 2027 budget." The echo of the elections continues. Trump's impeachment debates also await Democrats, who will be able to launch investigations into the Trump administration in the new term, block the president's appointments, and more closely monitor the administration's policies. TRUMP: IF IT HAPPENED, I'D DO IT AGAIN. Meanwhile, Trump admitted that his election defeat was largely due to the Iran war. However, he said, "It was worth it, I would do it again." Trump said he was not worried about the election results and thought he would get along well with the Democrats.
"VANCE IS PURSUING A NEW ALLIANCE WITH VOTERS WHO ARE TURNING AWAY FROM TRUMP"
Sources appearing on Fox News claimed that, after the election results, Vice President JD Vance was trying to establish a new alliance with voters who had moved away from Trump before the 2028 elections. THE EXCITEMENT CONTINUES IN GOLD And the ounce price of gold, which continued its rise after the elections, rose by 1.95 percent to 4 thousand 139 dollars this morning. Gram gold also climbed to 6,654 lira with a similar increase. THE OCCUPANCY RATE IN THE DAMS INCREASED BY 5 PERCENT IN A DAY Let's go back home... The rainfall in Istanbul in the last 2 days brought a record increase in the dams that provide water to the mega city. The occupancy rate of the dams increased from 54.7 percent to 59.6 percent in one day, an increase of 5 percent. The last occupancy rate of dams in Istanbul was 56.3 percent on November 4, 2017.
What to Watch
AI outlook — possibilities, not facts
Continuation of the trial processes of the suspects
Very likely · Within months
Open Questions
- Will there be any further arrests within the scope of the investigation?
- What are the details of the charges against the suspects?



