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Fon yöneticisi ve holding patronlarının mal varlıklarına tedbir konuldu — Photo: Tele2 Haber

Economy World press 33 sources 19 Sept, 09:37

Differing figures on number of arrests in capital markets investigation

Justice Minister Akın Gürlek announced that suspects, including a fund management board chairman and members, were arrested over allegations of manipulative trading, and 51 people were banned from leaving the country; access to 246 social media accounts was blocked.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Where reports differ

State media and foreign press TRT Haber and DW Türkçe reported in their headlines that a total of 20 suspects were arrested.

Opposition and independent press Tele2 Haber and Bloomberg HT, citing Gürlek's statement, highlighted that 4 suspects were arrested and 51 people were subjected to a travel ban.

Akın Gürlek Istanbul Chief Public Prosecutor's Office Capital Markets Board (SPK) Cybersecurity Directorate

Pusula ve Tera'dan 2 üst düzey yönetici gözaltına alındı — Photo: Nefes

Economy World press 57 sources 19 Sept, 19:40

Five executives from Pusula and Tera detained in fund investigation

In the Istanbul Chief Public Prosecutor's Office's capital markets investigation, Pusula Holding Chairman Serdar Turhan, Tera Yatırım Holding Chairman Emre Tezmen, and executives Alper Öztürk, Emre Alkin and Kerem Alkin were detained. In the case file, 4 suspects are under arrest, and 51 people are subject to a travel ban and asset freeze.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

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Istanbul Chief Public Prosecutor's Office Pusula Portföy Tera Yatırım Akın Gürlek Destek Yatırım

Sermaye Piyasası soruşturmasında tutuklanan Destek Holding’in patronu Altunç Kumova’nın ifadesi ortaya çıktı — Photo: Ekonomim

Economy 19 sources 19 Sept, 19:40

In his testimony, Kumova described his deal with Tera Yatırım over the IPO

Altunç Kumova, the major shareholder of Destek Holding who was arrested in the investigation, said they agreed with Tera Yatırım on a 2% commission for Destek Faktoring's initial public offering (IPO), and that 20% of the IPO was purchased by Tera Group companies and qualified investors. He described the valuation rising to 1.3 trillion lira (TL) as an "abnormal figure."

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Altunç Kumova Destek Holding Destek Faktoring Tera Yatırım Istanbul Chief Public Prosecutor's Office Capital Markets Board (SPK)

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Bakanlık fındık borsalarına inceleme başlattı: Müfettiş görevlendirildi — Photo: BirGün

Economy World press 23 sources 19 Sept, 15:06

Trade Ministry assigns inspectors to hazelnut exchanges

The ministry announced it has assigned inspectors to examine transactions at the Ordu, Giresun, Ünye and Fatsa Commodity Exchanges. It said administrative sanctions would be applied if activities disrupting market balance and free competition are identified during the inspections.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Trade Ministry Ordu Giresun Ordu Commodity Exchange

Son Dakika | Destek Yatırım Bankası’nın patronu Altunç Kumova tutuklandı — Photo: Halk TV

Economy 16 sources 19 Sept, 18:46

Destek Investment Bank Chairman Kumova arrested

Altunç Kumova, who was detained on September 17 as part of the Istanbul Chief Public Prosecutor's Office investigation into irregular capital market transactions, was arrested. In the course of the process, the Capital Markets Board (SPK) had ordered the liquidation of 130 funds belonging to 7 companies.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Altunç Kumova Destek Investment Bank Istanbul Chief Public Prosecutor's Office Capital Markets Board (SPK) Hedef Holding

Boykot yapanlara ‘vatan haini’ demişti… Fon skandalındaki isim Başbakan danışmanıymış! - Sözcü Gazetesi — Photo: Sözcü

Economy 4 sources 19 Sept, 20:12

Names in Tera management in spotlight after Capital Markets Board liquidates 131 funds

Following the Capital Markets Board (SPK) decision to liquidate 131 funds traded on TEFAS belonging to 7 portfolio management firms, the executives of Tera Portföy and Tera Yatırım are being discussed; Sözcü noted that serving in management does not constitute an accusation of wrongdoing in itself.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Capital Markets Board (SPK) Tera Portföy Yönetimi Tera Yatırım Menkul Değerler Emre Alkin Kerem Alkin Abdülkadir Özkan Public Disclosure Platform (KAP)

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BDDK, Bank Mellat'ın Türkiye'deki faaliyet iznini kaldırdı — Photo: Ekonomim

Economy World press 36 sources 19 Sept, 13:15

BDDK revokes operating license of Iran-based Bank Mellat

Under a decision dated September 18 published in the Official Gazette, the operating license of Bank Mellat's Istanbul Türkiye Central Branch was revoked under Article 71/1-b of the Banking Law; according to DW and Euronews, the justification cited a threat to depositors' rights and the trust and stability of the financial system.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

BDDK Bank Mellat Official Gazette TMSF Iran

Şap hastalığı alarmı. Hayvan borsası 30 gün kapatıldı — Photo: Nefes

Economy 5 sources 19 Sept, 19:40

Livestock market in Ağrı closed for 30 days due to foot-and-mouth disease

The Ağrı Provincial Directorate of Agriculture and Forestry announced that, by decision of the Provincial Animal Health Police Commission, the Provincial Livestock Market will be closed for 30 days starting October 18, and that livestock movement from quarantined villages has also been temporarily halted.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Ağrı Ağrı Provincial Directorate of Agriculture and Forestry Provincial Animal Health Police Commission

TZOB Başkanı Bayraktar: Çiftçimizin görmediği afet kalmadı - Dünya Gazetesi — Photo: Dünya

Economy 1 source 2 updates 19 Sept, 22:05

TZOB President Bayraktar: There is no disaster farmers have not experienced

President of the Union of Turkish Agricultural Chambers (TZOB) Şemsi Bayraktar stated that frost occurred in 65 provinces last year followed by drought, and this year floods, hail, and tornadoes imposed costs on producers. He noted that work is being carried out regarding drought.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Şemsi Bayraktar Union of Turkish Agricultural Chambers (TZOB) Recep Tayyip Erdoğan

Manipülatif borsa paylaşımı yapan hesaplara engel — Photo: Milat

Economy 1 source 2 updates 19 Sept, 21:51

Access blocked to 111 X accounts over stock market posts

According to Milat, following coordinated efforts by the Communications Directorate, the Istanbul Chief Public Prosecutor's Office imposed an access ban on 111 X accounts reported to have made "manipulative stock market posts" on social media.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

For now only the pro-government press is reporting this

Communications Directorate Istanbul Chief Public Prosecutor's Office X Milat

Bakan Yumaklı Erzurum’da açıkladı: — Photo: Mersin Haber

Economy 10 sources 19 Sept, 17:07

Yumaklı: Vaccination and identification free, 6 billion lira allocated for this item

Agriculture and Forestry Minister İbrahim Yumaklı said in Erzurum that breeders will not be charged for vaccination and identification, and veterinarians will not demand additional fees; around 6 billion lira (TL) has been allocated for this. Over the past 24 years, livestock support has reached 654 billion lira (TL).

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

İbrahim Yumaklı Agriculture and Forestry Ministry Central Union of Turkish Red Meat Producers Erzurum

Borcunu ödemeyenin kapısına icra dayanacak! — Photo: Ekonomi Manşet

Economy 8 sources 19 Sept, 15:06

Stricter enforcement expected on SGK premium debts in the year's final quarter

Based on the Medium-Term Program's clause that "premium debt monitoring and collection processes will be made more effective," reports say employers who have not applied for restructuring may face the cancellation of incentives, as well as enforcement and seizure proceedings between October and December. The deferral interest rate had been cut from 39% to 29% annually.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Social Security Institution (SGK) Medium-Term Program İsa Karakaş Türkiye Gazetesi

Ankara Samsun hızlı tren ne zaman açılacak? Çorum hızlı tren ne durumda? Fiziki ilerleme yüzde 25 — Photo: Karar

Economy 1 source 19 Sept, 22:05

Fieldwork continues on Ankara-Samsun high-speed rail line

It was stated that once the 293-kilometer line coordinated by the Ministry of Transport and Infrastructure is completed, travel between Ankara and Samsun will decrease to approximately 2.5 hours. With a design speed of 200 kilometers per hour, the line is projected to have an annual capacity of 14 million tons of freight and 12 million passengers.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Ministry of Transport and Infrastructure Ankara Samsun Çorum Kırıkkale

Bakan Şimşek'ten 'fon krizi' açıklaması: Yapısal bir sorun yok — Photo: Artı Gerçek

Economy World press 25 sources 19 Sept, 07:19

Capital Markets Board begins liquidation of 131 investment funds, Şimşek says "no systemic risk"

The Capital Markets Board (SPK) began liquidating 131 funds under a 17 September decision and appointed İş Bankası and Ziraat Bankası as custodians; the process will be completed within three months at most. Minister Şimşek said the problem stemmed from credit and liquidity issues in a limited number of funds.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Capital Markets Board (SPK) Mehmet Şimşek Türkiye İş Bankası Ziraat Bankası TEFAS Financial Stability Committee

#		P	GD	Pts
1	Galatasaray	6	+3	13
2	Beşiktaş	5	+8	12
3	Kocaelispor	6	+3	12
4	Alanyaspor	6	+2	11
5	Trabzonspor	6	+8	10
6	Amedspor	5	+7	10
7	Kasımpaşa	6	+2	10
8	Çaykur Rizespor	5	+1	9
9	Gaziantep FK	6	0	8
10	Fenerbahçe	5	+2	7
11	Çorum FK	6	+1	7
12	Başakşehir	6	-1	7
13	Gençlerbirliği	6	-8	7
14	Konyaspor	6	-4	4
15	Samsunspor	5	-5	4
16	Erzurumspor	5	-9	4
17	Eyüpspor	5	-6	3
18	Göztepe	5	-4	2

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