The title is one of Sadi-i Shirazi's many aphorisms from eight hundred years ago. Unfortunately, we use this word frequently for current developments.
Three weeks have passed since the fund fraud that became unconcealable exploded on September 16. We have still made as much progress as Fatma Betül Sayan Kaya (FBSK).
Some of the steps taken are unclear and their legal basis is unclear.
It was announced that up to one million lira would be paid to those who suffered losses in the fund. It has not been announced when it will be held.
It was announced that those who have gained unfair profits can deposit money into the account opened at SDIF. It is not clear on which law article this was done. To resolve the uncertainty, the chief prosecutor's office made a statement. It was stated that this would be an acceptable situation. According to the current law, he must deposit twice the amount of his ill-gotten gains. According to the announcement, "No matter how much you take away or how much you can bring, we will take it into consideration"!
***
A Cumhuriyet reader who is an expert on financial markets sent a short Capital Markets Board (CMB) regulation amendment published in the Official Gazette No. 33311 dated July 16, 2026. The crucial sentence in the decision titled "Amendment to the Investor Compensation Center Regulation" is as follows:
“YTM's assets cannot be used for purposes other than their intended purpose, cannot be used as collateral, cannot be seized even for public receivables, cannot be included in the bankruptcy estate, and cannot be subject to precautionary measures.”
We asked about the above change to a professor whose main focus is the financial system and who has also undertaken responsibilities in this field. He replied:
"It seems like a simple regulation in itself, but the date is critical. Until July, we warned a lot, saying 'a giant meteor is coming. Take precautions, so that it doesn't hit'. Nobody listened. After July, I stopped warning. Why? Because the impact of the meteor was certain!"
Another expert's opinion was as follows:
“Details aside, this document seemed to me to be proof that everything was in plain sight...”
What we want to emphasize in the context of this document is this:
All the pieces of the puzzle have been completed yet. The question of what those in charge of many institutions, from SDIF to ISE, from CMB to MASAK, did during their time is still a sticky question. The tension between these institutions and the government's media organs shows that this hook is quite bifurcated. Perhaps in the not-too-distant future, it will be revealed that a lot of silencers were used before the screaming attack!
More than 200 people were prosecuted in three weeks. There is still no action against a single political or incumbent public official.
The most dangerous statement in such investigations is this:
No matter how far the tip extends...
No matter who will be covered! If something is open-ended, it means it has no end!
If the people and institutions it will cover are unknown, it means it won't cover anyone!
But still, these two sentences mean something! There is a handle. Every once in a while there is a reason to remind. It is asked:
You said no matter where it lies, still no clue? Or are you lying down?
***
We have seen that this has been abandoned in the last few days. Official accusations are as follows:
Negligence, intent, fault, bad faith!
There is no organized crime!
No major scams!
No collapse in the savings of 455 thousand people!
There is a little negligence, a little intent, as much fault as anyone can have, and a bad intention that makes us very angry!
In this picture, the "guilty ones" are those who want the incident to be brought to light!
It is already possible to see this when you look at those whose X accounts have been closed and those who have been investigated.
Let's not go deeper, let's finish the article as we started:
If the ruler does not give way, bandits cannot start a caravan!
