CMB's statement angered Selvi: 'Know your place'

The "130 warning" discussion between the Capital Markets Board (CMB) and Hürriyet writer Abdulkadir Selvi continues within the scope of the fund investigation.

In his previous article, Selvi claimed that Borsa Istanbul had warned 130 times about suspicious funds since 2025, but that the CMB did not take these warnings into consideration.

In its statement on October 6, CMB stated that the claim in question did not reflect the truth. The Board announced that all notifications from Borsa Istanbul were evaluated and the necessary auditing and surveillance procedures were carried out.

'WHY DID THE FUND DISGRACE HAPPEN?'

Selvi responded to the CMB's statement in his article published today.

Stating that according to the CMB's statement, it was concluded that the Board fulfilled all its duties in the process, Selvi questioned why the fund investigation came to this point.

Selvi used the following statements:

So why did this funding scandal happen then? Why did the prosecutor's office request permission to investigate the former chairman of the CMB? Why did transactions regarding 131 funds begin? Do we live on a separate planet?

CMB announced on September 17 that it was decided to liquidate 131 funds belonging to 7 portfolio management companies. According to the Board data, there are 455 thousand 758 unique investors in the funds in question.

HE REMINDED ERDOĞAN'S STATEMENTS

In his article, Selvi also touched upon political statements regarding the fund investigation.

Pointing to the statement "50 people at the highest level" used by AKP President Recep Tayyip Erdoğan regarding the funds, Selvi asked why the statements were made that those responsible would be held accountable.

Selvi claimed that there was a contradiction between these statements and the CMB's defense regarding the audit aspect of the process.

'YOU ARE NOT IN A POSITION OF ACCOUNTABILITY, YOU ARE IN A POSITION OF ACCOUNTABILITY'

Following the CMB's statement, Selvi hardened his criticism of the Board.

Arguing that the CMB should be held accountable to the public due to the current state of the fund investigation, Selvi said:

There has been a huge fund disgrace, and the CMB, which should be held accountable, is attempting to hold it accountable. You are not in the position of questioning, you are in the position of accountability. Know your place

WHAT DID CMB SAY?

In its statement dated October 6, CMB stated that all notifications from Borsa Istanbul were evaluated "meticulously" and that information notes sent via e-mail were also included in the audit processes.

The Board made a statement regarding the issue brought up by Selvi: "The number of information notes regarding the funds in the news does not reflect the truth."

According to CMB's data, a total of 2 billion 741 million TL administrative fines were imposed on real and legal persons in 2025, and 948 million TL in the first nine months of 2026.

The Board also announced that criminal complaints were filed against 152 people in 2025 and 174 people since the beginning of 2026. It was reported that 96 of the criminal complaints in 2026 were made due to fund-related transactions.

HE FINISHED WITH A WORD ATTRIBUTABLE TO İNÖNÜ

At the end of his article, Selvi continued his criticism of the CMB with a quote attributed to İsmet İnönü.

Selvi said, "I am watching your situation from the history podium, you are in the panic of criminals."