'Fund crisis' statement from Ümit Özdağ: Sent to Swiss bank Morgan Stanley
Victory Party Chairman Ümit Özdağ made allegations regarding the funding crisis in Türkiye and drew attention to the investigation initiated by the Istanbul Chief Public Prosecutor's Office.
Quick Look
- Victory Party leader Ümit Özdağ claimed that the suspicious fund revenues sent from Türkiye to Switzerland were examined by Morgan Stanley.
- Özdağ reminded the investigation initiated by the Istanbul Chief Public Prosecutor's Office on the unusual increases in stock market shares.
AI-generated summary
Why It Matters
Istanbul Chief Public Prosecutor's Office launched an investigation into suspicious price movements in stock market shares on December 19. CMB detected irregularities in some funds in the last quarter of 2025.
While the repercussions of the 'fund crisis' continue, a remarkable statement came from the Chairman of the Victory Party, Ümit Özdağ.
"SWISS BANK TRANSMITTED THE FUND INCOME TO MORGAN STANLEY"
Speaking about the 'fund crisis' at the press conference he held at his party's headquarters, Özdağ stated that a banker friend working in Switzerland called him and said:
"There was an attempt to deposit a large amount of money from Türkiye, belonging to a government official, to a bank in Switzerland. The bank asked, 'What is the source of this?'. When it was presented as fund income, the Swiss Bank found this suspicious and forwarded it to Morgan Stanley. Morgan Stanley then investigated the issue in more detail."
INVESTIGATION REMINDER
"So everyone knows the problem inside and outside. Despite this, no precautions are taken. The crisis is growing," said Özdağ, adding that the Istanbul Chief Public Prosecutor's Office Terrorism Financing and Laundering Crimes Investigation Bureau launched an investigation on December 19 and sent a warrant to the Capital Markets Board (CMB).
Ümit Özdağ noted that the memorandum in question stated that the value of some shares on the stock exchange had increased by approximately 100 times and that a significant portion of the shares subject to examination had been collected through funds.
Özdağ also reiterated that the CMB detected suspicious price movements in some funds in the last quarter of 2025, that the issue came to the agenda of the Financial Stability Committee on December 2, 2025, and that the CMB formed a working group one day later.
"THE MEASURES TAKEN ARE INSUFFICIENT"
Open Questions
- Who is the government official in question?
- What was the result of Morgan Stanley's review?
