Cumhuriyet1 hour agoPolitics1 min readTürkiye

Criminal complaint from HKP about the funding crisis

HKP Deputy General Secretary Tacettin Çolak filed a criminal complaint against 10 people over allegations of stock market manipulation.

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People's Liberation Party (HKP) Deputy Secretary General Tacettin Çolak filed a criminal complaint against 10 people, including President Erdoğan, Minister Mehmet Şimşek and Fatma Betül Sayan Kaya, alleging manipulation of the stock market through the TERA fund.

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Why It Matters

It is claimed that there was manipulation in the stock market through the fund named TERA and 500 thousand citizens were affected.

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Tacettin Çolak, Deputy Secretary General of the People's Liberation Party (HKP), filed a criminal complaint against 10 people, including AKP President Recep Tayyip Erdoğan, Minister of Treasury and Finance Mehmet Şimşek, former minister Fatma Betül Sayan Kaya, public officials and some company executives, regarding the fund crisis.

HKP lawyer Tacettin Çolak announced that they filed a criminal complaint with the Istanbul Chief Public Prosecutor's Office against AKP President Erdoğan, Minister Mehmet Şimşek, resigned AKP Deputy Chairman Fatma Betül Sayan Kaya and her husband İlyas Kaya, and the Capital Markets Board, Banking Regulation and Supervision Agency, Financial Crimes Investigation Board executives and some company executives regarding the fund crisis.

In his statement, Çolak brought up the allegations that there was manipulation in the stock market through the fund named TERA and that the savings of approximately 500 thousand citizens were affected.

"163 MILLION LIRAS SHOULD BE INVESTIGATED"

Tacettin Çolak argued that Fatma Betül Sayan Kaya, who asked to be pardoned from her duties in the AKP, should also be investigated for the 163 million liras she allegedly invested in the stock market and the high earnings she reportedly made in a short time.

Claiming that the relevant institutions of the state did not fulfill their inspection duty, Çolak stated that they filed a criminal complaint against 10 suspects, including the managers of the fund companies and officials working in public institutions.