While the CMB investigation continues, Bulls Venture Capital announced a partnership with White Burger

While the Capital Markets Board's (CMB) investigation involving leading financial groups such as Tera, Pusula, Hedef and Bulls continues, a move came from Bulls Venture Capital Investment Partnership.

Bulls Venture Capital Investment Partnership, in its statement to KAP on September 15, announced that White Burger Gıda Sanayi A.Ş. announced that it will establish a joint company with. “Bulls Gıda Ticaret A.Ş.” While the capital of the company to be established under the name was determined as 25 million TL, Bulls Girişim made a capital commitment of 12.5 million TL in return for a 50 percent share.

It was revealed that Bulls' partner in this new investment in the food industry is MasterChef Türkiye 2020 champion Chef Serhat Doğramacı.

Founded by Doğramacı and growing with its own special recipes, White Burger has turned into a chain of 30 branches in total, including Erbil, Iraq, as well as Turkey, as of 2026, according to the information shared by the brand.

FUNDS WERE BANNED TWO DAYS AFTER THE PARTNERSHIP

Immediately after the partnership announcement, on September 17, critical decisions regarding the investigation were made by the CMB. Within the scope of the investigation, the purchase and sale of some funds traded in TEFAS belonging to Tera, Pusula, Hedef, Atlas, A1, Pardus and Bulls Portföy were stopped, and it was decided to liquidate some funds.

At the same time, in the financial aspect of the investigation, the money and asset movements of Bulls Yatırım Menkul Değerler and Bulls Portfolio Management and affiliated managers and officials were frozen.

BULLS BOARD CHAIRMAN MADE A STATEMENT

Kemal Akkaya, Chairman of the Board of Directors of Bulls Investment Securities, one of the critical figures in the investigation, testified at the prosecutor's office today.

It was learned that Akkaya, who was released after his statement was completed, declared that he was not involved in fund organizations publicly called "Ponzi" or "Ponzi scheme".

In the statement made by Bulls officials, it was stated that Akkaya does not have any loan or share repo transactions within the fund they manage.