Arrest of 17 out of 20 suspects was requested within the scope of suspicious transactions in the capital market

Investigations regarding transactions carried out in the capital market continue.

17 of the 20 suspects detained within the scope of the investigation were referred to the criminal judgeship of peace with a request for arrest.

The testimony of 3 suspects continues.

5 COMPANY MANAGERS WERE ARRESTED

Finally, Emre Tezmen, Chairman of the Board of Directors of Tera Investment Holding, and Emre Alkin, Kerem Alkin, Alper Öztürk, and Serdar Turhan, Chairman of the Board of Pusula Holding, were arrested.

Thus, the number of detainees increased to 9.

HOW WILL PAYMENT BE MADE FOR INVESTMENTS?

The Capital Markets Board announced that the number of investors in 131 funds belonging to 7 portfolio management companies, which were decided to be liquidated, was 455 thousand 758. The aim is to pay investors by converting the shares in the funds into cash.

WHAT HAPPENED?

The investigation into suspicious transactions in the fund and share markets accelerated in mid-September. As part of the investigation, Pusula Portföy Chairman of the Board of Directors, Muhammet Yarız, was arrested on September 15.

As the scope of the investigation expanded in the following days, it was announced that a total of 4 suspects were arrested as of September 18 and judicial control measures were imposed on 51 people.

With the decision taken on September 17, the Capital Markets Board closed the funds of 7 portfolio management companies traded in TEFAS for trading and took a total of 131 investment funds into liquidation process. During the same period, CMB filed a criminal complaint against 38 people for allegedly manipulative transactions in some company shares and decided to ban these people from trading.

The investigation expanded on September 22. In simultaneous operations held in Istanbul and Aydın, 14 of the 15 suspects for whom an arrest warrant was issued were caught and detained. It was determined that one suspect was abroad. It was also reported that the money and asset movements of managers and officials of nine companies linked to the investigation were frozen.