Stock transfers are under the spotlight in the fund investigation in Istanbul

A new investigation has been launched in the fund investigation carried out by the Istanbul Chief Public Prosecutor's Office, Terrorism Financing and Laundering Crimes Investigation Bureau. Upon detection that the suspects transferred their shares to different accounts, as well as to banks and brokerage firms abroad, a detailed examination of the share movements was requested.

Within the scope of the investigation, 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 TRANSFERS BEFORE LIQUIDATION WILL BE EXAMINED

According to the findings in the investigation file, before the liquidation processes of the Capital Markets Board (CMB) for some funds, some shares in the suspects' accounts were transferred to other accounts through instruction and transfer transactions.

It was determined that foreign banks and intermediary institutions were among the transferred accounts. The prosecutor's office requested that the share movements in question be examined in detail retrospectively.

ALL MOVEMENTS REQUESTED SINCE JANUARY 2025

The Chief Public Prosecutor's Office requested the determination of the shares held by the suspects in their bank and brokerage firm accounts from January 2025 until the date the warrant reached the relevant institutions.

In this context, it was requested to determine the names and amounts of the shares, as well as the written or verbal instructions for transferring them to other accounts, the transfer transactions carried out, the accounts to which the transfer was made, the clear identification information of the account holders and the transfer dates.

SEPARATE INSPECTION FOR TRANSFERS MADE ABROAD

Share transfers abroad were also included in the prosecutor's warrant.

If it is determined that the suspects transferred their shares to foreign banks or intermediary institutions, the records of the foreign institutions in question were requested to be sent to the Chief Public Prosecutor's Office.

Prosecutor's Office; He also requested that information such as the date on which the shares were transferred, the instructions under which the transaction was carried out, how many shares were transferred, and which foreign bank or brokerage firm the shares were sent to be submitted to the file.

RESPONSE TO THE NEGOTIATION MAY BE BASED ON THE MEASUREMENT PROCESS

It was learned that the investigation authorities conducted a retrospective review of the money and capital market movements in order to determine whether the share movements in question will form the basis for the transactions to be carried out within the scope of asset measures and fund investigation.

Within the scope of the investigation, it will be investigated whether the shares were transferred from the suspects' own accounts to accounts belonging to real or legal persons other than the suspects, whether there were assets transferred to accounts abroad, and on what dates the transactions were carried out.

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.

Following the records from the relevant institutions, it is expected that which shares were transferred to which accounts and the size of the transfers made abroad will become clear.