Stock movements of Pusula managers are under the spotlight in the fund investigation

The shares in the bank and brokerage firm accounts of Pusula executives Muhammet Yarız, Serdar Turhan and Şaban Serkan İlaldı, who were arrested within the scope of the fund investigation carried out by the Istanbul Chief Public Prosecutor's Office, were examined.

In this context, a memorandum was written to the relevant institutions in order to reveal the transfers in detail.

SHARES WERE TRANSFERRED TO OTHER ACCOUNTS BEFORE LIQUIDATION

In the findings made within the scope of the investigation; It was determined that before the CMB's liquidation processes regarding certain funds, some of the stocks in the suspects' accounts were transferred to other accounts through instructions and transfers, and that these accounts included foreign banks and intermediary institutions.

The prosecutor's office requested that all of the share movements in question be examined retrospectively.

ALL MOVEMENTS REQUESTED SINCE JANUARY 2025

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

In this context; It was requested to determine the names and amounts of shares, written and verbal instructions regarding their transfer to other accounts, transfer transactions, the accounts to which the shares were transferred, and the clear identity information of these account holders and transfer dates.

SPECIAL REVIEW FOR FOREIGN BANK AND INTERMEDIARY INSTITUTIONS

In the prosecutor's memorandum, attention was drawn to the transfers made abroad.

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

Prosecutor's Office; In particular, he requested that information such as the date on which the shares were transferred, the order by 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.

Investigative authorities; It was learned that the money and capital market movements were examined retrospectively in order to determine whether the share movements in question would constitute the basis for transactions within the scope of asset measures and fund investigation.

In this context, whether the shares were transferred to the accounts of real or legal persons other than the suspects' own accounts, whether there were 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. 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.