Istanbul Chief Public Prosecutor's Office Examines Share Movements in Fund Investigation

A new investigation has been launched in the fund investigation numbered 2026/149004 carried out by the Istanbul Chief Public Prosecutor's Office, Terrorism Financing and Laundering Crimes Investigation Bureau. Within the scope of the investigation, it was requested that the share movements be examined in detail after it was determined that the suspects transferred their stocks to other accounts or to banks and brokerage firms abroad.

A warrant was sent to the relevant institutions in order to reveal the share movements in the bank and brokerage firm accounts of Serdar Turhan, Muhammed Yarız and Şaban Serkan İlaldı.

SHARE MOVEMENTS BEFORE LIQUIDATION WILL BE EXAMINED

It was stated that during the investigations carried out within the scope of the investigation, findings were reached that some stocks in the suspects' accounts were transferred to other accounts by order or transfer before the CMB's liquidation processes regarding some funds.

The prosecutor's office requested that it be investigated whether these transactions included transfers to foreign banks and intermediary institutions and that the share movements in question be examined retrospectively.

REGISTRATIONS REQUESTED FROM JANUARY 2025

The Istanbul Chief Public Prosecutor's Office requested that the stocks in the bank and brokerage firm accounts of the suspects be determined separately from January 2025 until the date the warrant reaches the relevant institutions.

In this context, it was requested that detailed records be sent to the Chief Public Prosecutor's Office, including the name and amount of shares, written or verbal instructions regarding their transfer to other accounts, transfer transactions, accounts to which the shares were transferred, clear identity information of the account holders and transfer dates.

SEPARATE INSPECTION FOR FOREIGN TRANSFERS

Possible share transfers abroad were also included in the prosecutor's memorandum. If it is determined that the suspects or their shares were transferred to foreign banks or intermediary institutions, all records regarding the transactions in question were requested to be forwarded to the Chief Public Prosecutor's Office.

In this context, it was requested that information such as the date on which the shares were transferred, in accordance with which instructions the transaction was carried out, how much of which shares were transferred, and which foreign bank or intermediary institution the shares were sent to, be submitted to the file.

RESPONSE TO THE NEGOTIATION WILL BE EVALUATED DURING THE MEASUREMENT PROCESS

It was learned that the investigation authorities conducted a retrospective review of money and capital market movements in order to determine whether the share movements in question are important in terms of asset measures and other transactions within the scope of the fund investigation.

In this context, whether the shares were transferred from the accounts of the suspects to the accounts of real or legal persons other than those of the suspects, whether there are assets transferred to accounts abroad, and the timing of the transactions in question will be investigated.

The memorandum dated October 5, 2026 was sent to the Presidency of the Banks Association of Türkiye and the Department of Intermediary Activities for necessary action. After reviewing the records from the relevant institutions, it is expected that which shares were transferred to which accounts and the scope of possible transfers abroad will become clear.