Sat 19 Sept · 23:48 Istanbul

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Every day's summary

Saturday, 19 September 2026as of 22:19

19 September: Fund liquidations, indictments, and operations

Today's agenda was dominated by fund decisions in capital markets and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With a decision dated 17 September, the Capital Markets Board (SPK) launched the liquidation of 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek stated that the issue is limited to a small number of funds. Destek Holding owner Altunç Kumova, who was arrested in the investigation, stated that they had agreed with Tera Yatırım for an IPO, while Serdar Turhan, Emre Tezmen, Alper Öztürk, Emre Alkin, and Kerem Alkin within Pusula and Tera were taken into custody.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7Haber7Haber7+43

The Istanbul Chief Public Prosecutor's Office prepared a supplementary indictment for 29 suspects regarding the tenders of Istanbul Metropolitan Municipality (İBB) subsidiary Ağaç ve Peyzaj AŞ. Following former prosecutors in the Silivri Chief Public Prosecutor's Office's Kaşif Kozinoğlu investigation, 4 people, including prison officials from that period, were taken into custody on charges of "intentional killing" and criminal organization.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+40

With a decision dated 18 September, the banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch, citing a threat to the rights of depositors and the security and stability of the financial system. In an Israel-linked forex fraud operation, the number of detentions rose to 201; in a drug investigation against celebrities conducted by the Bakırköy Chief Public Prosecutor's Office, 2 people were arrested, judicial control was imposed on 3 people including Nilperi Şahinkaya and Hasan Şaş, and the detention period for 7 people was extended.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that the body of one more person was recovered from the passenger ship that sank off the coast of Kyrenia on 30 August, bringing the death toll to 15, while 13 people are still being searched for. The detention period of nine suspects was extended by seven days in the investigation.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

11 updates

Earlier versions of this note

September 19: fund liquidations, indictments and operationstitle updated

Today's agenda was highlighted by fund decisions in capital markets and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

The Capital Markets Board (SPK) initiated liquidations in 131 investment funds with its September 17 decision and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek stated that the problem was confined to a limited number of funds. Altunç Kumova, owner of Destek Holding, who was arrested in the investigation, stated that they had agreed with Tera Yatırım for the public offering, while Serdar Turhan, Emre Tezmen, Alper Öztürk, Emre Alkin, and Kerem Alkin within Pusula and Tera were detained.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7Haber7Haber7+43

The Istanbul Chief Public Prosecutor's Office prepared an additional indictment for 29 suspects regarding tenders of Istanbul Metropolitan Municipality (İBB) affiliate Ağaç ve Peyzaj AŞ. Following the arrest of former prosecutors in the Kaşif Kozinoğlu investigation, 4 more people, including the prison director and shift supervisor of the period, were detained.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+40

The banking regulator BDDK, with its decision dated September 18, revoked the operating license of Bank Mellat's Istanbul branch on grounds of danger to depositors' rights and the safety and stability of the financial system. In the Israel-linked forex fraud operation, the number of detainees rose to 201; in the Bakırköy Chief Public Prosecutor's celebrity-targeted drug investigation, 2 people were arrested, judicial control was imposed on 3 people including Nilperi Şahinkaya and Hasan Şaş, and detention periods for 7 people were extended.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that the body of one more person was recovered from the passenger ship that sank off Kyrenia on August 30, bringing the death toll to 15, while 13 people were still being searched for. In the investigation, the detention period for nine suspects was extended by seven days.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The TrabzonsporGalatasaray match to be played in the Süper Lig begins at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital-market fund decisions and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With its decision on September 17, the Capital Markets Board (SPK) initiated liquidation in 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek stated that the issue was confined to a limited number of funds. While Altunç Kumova, owner of Destek Holding who was arrested in the investigation, stated that they had reached an agreement with Tera Yatırım for the public offering, Serdar Turhan, Emre Tezmen, Alper Öztürk, Emre Alkin, and Kerem Alkin within Pusula and Tera were detained.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7Haber7Haber7+43

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects, including Ekrem İmamoğlu, over tenders by İBB affiliate Ağaç ve Peyzaj AŞ. In the investigation into the death of Kaşif Kozinoğlu, then-chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; his cellmate Hasan Atilla Uğur, who was placed under house arrest, said in his statement that he did not remember where he obtained the sublingual pill he gave to Kozinoğlu.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+40

With its decision dated September 18, the banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch, citing a threat to depositors' rights and to the trust and stability of the financial system. The number of detentions in the Israel-linked forex fraud operation rose to 201; in the Bakırköy Chief Public Prosecutor's Office's drug investigation targeting celebrities, 2 people were arrested while 3 people, including Nilperi Şahinkaya and Hasan Şaş, were placed under judicial control, and the detention period for 7 people was extended.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that one more body had been recovered from the passenger ship that sank off Kyrenia on August 30, raising the death toll to 15, with 13 people still missing. The detention period for nine suspects in the investigation was extended by seven days.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital-markets fund decisions and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

Capital Markets Board (SPK), with its September 17 decision, launched liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Altunç Kumova, owner of Destek Holding, who was arrested in the manipulative trading investigation, said in his prosecutorial testimony that he found it "abnormal" that the company's value rose from 15 billion lira (TL) to 1.3 trillion lira (TL) and that he had no involvement in the buying and selling of shares, while detention orders were issued for Pusula Portföy manager Serdar Turhan and Tera manager Alper Öztürk.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7Haber7Haber7+43

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects, including Ekrem İmamoğlu, over tenders held by Ağaç ve Peyzaj AŞ, an İstanbul Metropolitan Municipality (İBB) subsidiary. In the investigation into the death of Kaşif Kozinoğlu, the then chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; his cellmate Hasan Atilla Uğur, who was placed under house arrest, said in his testimony that he could not remember where he had obtained the sublingual pill he gave to Kozinoğlu.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+40

Under its decision dated September 18, the banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch, citing danger to depositors' rights and to the trust and stability of the financial system. In the Israel-linked forex fraud operation, the number of detentions rose to 201; in the Bakırköy Chief Public Prosecutor's Office's drug investigation targeting celebrities, 2 people were arrested while 3 people including Nilperi Şahinkaya and Hasan Şaş were placed under judicial control, and the detention period for 7 people was extended.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that the body of one more person had been recovered from the passenger ship that sank off Kyrenia on August 30, raising the death toll to 15, with 13 people still missing. The detention period for nine suspects in the investigation was extended by seven days.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by fund decisions in the capital markets and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

By its decision of September 17, the Capital Markets Board (SPK) launched liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was confined to a limited number of funds. In the manipulative trading investigation, Destek Yatırım Bankası Chairman Altunç Kumova was arrested, while detention orders were issued for Pusula Portföy manager Serdar Turhan and Tera manager Alper Öztürk.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7Haber7Haber7+43

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects, including Ekrem İmamoğlu, over tenders held by İBB affiliate Ağaç ve Peyzaj AŞ. In the investigation into the death of Kaşif Kozinoğlu, then-Chief Prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; cellmates Hasan Atilla Uğur and Hasan Ataman Yıldırım were placed under house arrest.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+40

By its decision dated September 18, the banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch, citing a threat to depositors' rights and to the confidence and stability of the financial system. The number of detainees in the Israel-linked forex fraud operation rose to 201; in the Bakırköy Chief Public Prosecutor's Office's drug investigation targeting celebrities, 2 people were arrested, judicial control measures were imposed on 3 people including Nilperi Şahinkaya and Hasan Şaş, and the detention period of 7 people was extended.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that the body of one more person had been recovered from the passenger ship that sank off Kyrenia on August 30, raising the death toll to 15, with 13 people still missing. The detention period of nine suspects in the investigation was extended by seven days.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital markets fund decisions and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

The Capital Markets Board (SPK) began liquidation of 131 investment funds under a September 17 decision and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Justice Minister Gürlek announced that some suspects, including fund management board chairs and members, had been arrested in a manipulative trading investigation, 51 people were banned from leaving the country, and 246 social media accounts were blocked from access; Destek Yatırım Bankası Board Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment for 29 suspects, including Ekrem İmamoğlu, concerning tenders by İBB affiliate Ağaç ve Peyzaj AŞ. In the investigation into the death of Kaşif Kozinoğlu, then-chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; sources differ on whether retired officers Hasan Atilla Uğur and Hasan Ataman Yıldırım were placed under house arrest or formal arrest.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

In its decision dated September 18, the banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch, citing a danger to depositors' rights and to the trust and stability of the financial system. The number of detentions in the Israel-linked forex fraud operation rose to 201; in the Bakırköy Chief Public Prosecutor's Office's drug investigation targeting celebrities, 2 people were arrested while 3 people, including Nilperi Şahinkaya and Hasan Şaş, were placed under judicial control.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that one more body had been recovered from the passenger ship that sank off Kyrenia on August 30, raising the death toll to 15.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by decisions on capital markets funds and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With its September 17 decision, the Capital Markets Board (SPK) launched liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Justice Minister Gürlek announced that in the manipulative trading investigation, which also covers fund management board chairs and members, some suspects had been arrested, 51 people had been placed under a travel ban, and 246 social media accounts had been blocked; Destek Yatırım Bankası Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment concerning tenders by Ağaç ve Peyzaj AŞ, an İBB subsidiary, naming 29 suspects including Ekrem İmamoğlu. In the investigation into the death of Kaşif Kozinoğlu, then-chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; sources differ on whether retired officers Hasan Atilla Uğur and Hasan Ataman Yıldırım were placed under house arrest or formal arrest.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

With its decision dated September 18, banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch, citing a threat to depositors' rights and to the trust and stability of the financial system. In the forex and crypto fraud operation, 201 of 248 suspects were detained; of the 24 detention orders issued as part of the Bakırköy Chief Public Prosecutor's Office's drug investigation targeting celebrities, 21 were carried out, and of the 5 people referred to the courthouse, 2 were arrested.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Ünal Üstel announced that another body had been recovered from the passenger ship that sank off Kyrenia on August 30, raising the death toll to 15.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital markets fund decisions and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With its September 17 decision, the Capital Markets Board (SPK) launched liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Justice Minister Gürlek announced that in the manipulative trading investigation, which also covers fund management board chairs and members, some suspects had been arrested, 51 people had been banned from leaving the country, and access to 246 social media accounts had been blocked; Destek Yatırım Bankası Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment for 29 suspects, including Ekrem İmamoğlu, concerning tenders by İBB affiliate Ağaç ve Peyzaj AŞ. In the investigation into the death of Kaşif Kozinoğlu, then-chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; sources differ on whether retired officers Hasan Atilla Uğur and Hasan Ataman Yıldırım were placed under house arrest or formal arrest.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

With its decision dated September 18, the banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch under Article 71/1-b of the Banking Law, citing a threat to depositors' rights and to the trust and stability of the financial system. In the forex and crypto fraud operation, 201 of 248 suspects were detained, while in the Bakırköy Chief Public Prosecutor's Office's investigations targeting celebrities, 2 of the 5 people referred to court were arrested.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

KKTC Prime Minister Ünal Üstel announced that the body of one more person had been reached from the passenger ship that sank off Kyrenia on August 30, raising the death toll to 15.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilliyetMilliyetTGRT HaberTGRT Haber+14

The Süper Lig match Trabzonspor–Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital markets fund decisions and İstanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With its decision of September 17, the Capital Markets Board (SPK) began liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Justice Minister Gürlek announced that in the manipulative trading investigation, which also covers fund management board chairs and members, some suspects had been arrested, 51 people had been placed under a travel ban, and access to 246 social media accounts had been blocked; Destek Yatırım Bankası Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The İstanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects, including Ekrem İmamoğlu, over tenders held by Ağaç ve Peyzaj AŞ, a subsidiary of the Istanbul Metropolitan Municipality (İBB). In the investigation into the death of Kaşif Kozinoğlu, the then chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; sources differ on whether retired officers Hasan Atilla Uğur and Hasan Ataman Yıldırım were placed under house arrest or formal arrest.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

By its decision dated September 18, banking regulator BDDK revoked the operating license of Bank Mellat's Istanbul branch under Article 71/1-b of the Banking Law, citing a danger to depositors' rights and to the trust and stability of the financial system. In a forex and crypto fraud operation, 201 of 248 suspects were taken into custody, while in the Bakırköy Chief Public Prosecutor's Office investigations into celebrities, 2 of the 5 people referred to court were arrested.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 8:00 p.m. on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital markets fund decisions and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With its September 17 decision, the Capital Markets Board (SPK) initiated liquidation proceedings at 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Justice Minister Gürlek announced that in the manipulative trading investigation, which also covers fund management board chairs and members, some suspects had been arrested, 51 people had been placed under a travel ban, and access to 246 social media accounts had been blocked; Destek Yatırım Bankası Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment for 29 suspects, including Ekrem İmamoğlu, concerning tenders held by İBB subsidiary Ağaç ve Peyzaj AŞ. In the investigation into the death of Kaşif Kozinoğlu, then-Chief Prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested; sources differ over whether retired officers Hasan Atilla Uğur and Hasan Ataman Yıldırım were placed under house arrest or formally arrested.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

In a decision dated September 18, the banking regulator BDDK revoked the operating license of the Istanbul branch of Iran-based Bank Mellat, which had been operating since 1981, under Article 71/1-b of the Banking Law; no other justification was given in the decision. The number of detentions in the forex and crypto fraud operation ranges from 174-175 to 248 depending on the source, while in the Bakırköy Chief Public Prosecutor's Office investigations targeting celebrities, five people were referred to the courthouse.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

September 19: fund liquidations, indictments and operations

Today's agenda was dominated by capital markets fund decisions and Istanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

In a decision dated September 17, the Capital Markets Board (SPK) launched liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was confined to a limited number of funds. Justice Minister Gürlek announced that in the manipulative trading investigation, which also covers fund management board chairs and members, some suspects were arrested, 51 people were placed under a travel ban, and access to 246 social media accounts was blocked; Destek Yatırım Bankası Board Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects, including Ekrem İmamoğlu, over tenders held by Ağaç ve Peyzaj AŞ, an İBB affiliate. In the investigation into the death of Kaşif Kozinoğlu, the then-chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were arrested, while retired Colonel Hasan Atilla Uğur and retired Captain Hasan Ataman Yıldırım were placed under judicial control in the form of house arrest; a detention order was issued for Bozova Prosecutor Türkşad Kunthan Uçuk, who was suspended from duty by the Council of Judges and Prosecutors (HSK), in an investigation into insulting a public official.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

In a decision dated September 18, the banking regulator BDDK revoked the operating license of the Istanbul branch of Iran-based Bank Mellat, which had been operating since 1982, citing depositors' rights and financial stability. In two investigations by the Bakırköy Chief Public Prosecutor's Office targeting celebrities, the number of detentions varied by source, but five people were referred to the courthouse; some suspects were released under judicial control, while others were arrested.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

The Süper Lig match TrabzonsporGalatasaray kicks off at 20:00 on beIN Sports 1.

September 19: Fund liquidations, indictments and operations

Today's agenda was dominated by capital markets fund decisions and İstanbul-based judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

With its September 17 decision, the SPK began liquidation proceedings for 131 investment funds and appointed İş Bankası and Ziraat Bankası as custodians; Minister Şimşek said the problem was limited to a small number of funds. Justice Minister Gürlek announced that some suspects had been arrested in the manipulative trading investigation, which also covers fund management board chairmen and members, that 51 people had been banned from leaving the country, and that access to 246 social media accounts had been blocked; Destek Yatırım Bankası Chairman Altunç Kumova was also arrested as part of this investigation.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT Haber (ekonomi)TRT Haber (ekonomi)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+35

The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects, including Ekrem İmamoğlu, over tenders held by İBB subsidiary Ağaç ve Peyzaj AŞ. In the investigation into the death of Kaşif Kozinoğlu, retired Colonel Hasan Atilla Uğur and retired Captain Hasan Ataman Yıldırım were placed under house arrest on suspicion of intentional killing, while the then chief prosecutor Ali İşgören and prison prosecutor Necip Doğan were referred to a judge with a request for arrest on charges of membership in a criminal organization; a detention order was issued for Bozova Prosecutor Türkşad Kunthan Uçuk, who was suspended by the HSK, in an investigation into insulting a public official.Anadolu AjansıAnadolu AjansıTRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+41

With a decision dated September 18, the banking regulator BDDK revoked the operating license of the İstanbul branch of Iran-based Bank Mellat, which had been operating since 1982, citing the rights of depositors and financial stability. In two investigations by the Bakırköy Chief Public Prosecutor's Office targeting celebrities, although the number of detentions varies by source, five people were referred to the courthouse; some suspects were released under judicial control, while others were arrested.Anadolu AjansıAnadolu AjansıResmî GazeteTRT HaberTRT HaberTRT WorldTRT WorldA HaberA HaberCNN TürkCNN Türk+51

The Süper Lig match between Trabzonspor and Galatasaray kicks off at 20:00 on beIN Sports 1.

Friday, 18 September 2026as of 23:45

Market volatility and judicial files dominate the day's headlines

Until the afternoon of September 18, the leading topics were volatility in capital markets and ongoing judicial files.TRT Haber (manşet)TRT Haber (manşet)CNN TürkCNN TürkHaber7Haber7Haber7Haber7MilliyetMilliyetSabahSabah+26

The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies; BIST 100 closed the week down 8.18% at 13,284 points. Justice Minister Akın Gürlek announced that 20 people had been arrested and 51 people had been placed under international travel bans in manipulative trading investigations.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+32

On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT operative Kaşif Kozinoğlu. Istanbul's 33rd Heavy Penal Court accepted a supplementary indictment covering 29 people, including detained Mayor Ekrem İmamoğlu, in the investigation into an İstanbul Metropolitan Municipality (İBB) subsidiary, and merged it with the main case; the number of defendants rose to 435.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+37

On foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Sources diverged on detention numbers: the investigation targeting celebrities was reported at between 15 and 21, while the forex investigation was reported at either 174 or 191.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+32

4 updates

Earlier versions of this note

Market volatility and judicial files dominate the daytitle updated

Until the afternoon of September 18, the leading topics were volatility in capital markets and ongoing judicial files.TRT Haber (manşet)TRT Haber (manşet)CNN TürkCNN TürkHaber7Haber7Haber7Haber7MilliyetMilliyetSabahSabah+26

The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies; the Treasury and Finance Ministry convened the Financial Stability Committee. BIST 100 closed the week down 8.18% at 13,284 points.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberHaber7Haber7MilatMilatBloomberg HTBloomberg HT+22

On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT operative Kaşif Kozinoğlu. Meanwhile, Istanbul's 33rd High Criminal Court accepted a supplementary indictment naming 29 people—including detained Mayor Ekrem İmamoğlu—in the investigation into an Istanbul Metropolitan Municipality (İBB) subsidiary, and merged it with the main case involving 414 defendants.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+37

On foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Sources diverged on detention figures: the investigation targeting celebrities was reported to involve between 15 and 21 detentions, while the forex investigation figure was given as either 174 or 191.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+32

Market volatility and judicial files dominate the day

Until the afternoon of September 18, the leading topics were volatility in capital markets and ongoing judicial files.TRT Haber (manşet)TRT Haber (manşet)CNN TürkCNN TürkHaber7Haber7Haber7Haber7MilliyetMilliyetSabahSabah+26

The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies; the Treasury and Finance Ministry convened the Financial Stability Committee. BIST 100 closed the week down 8.18% at 13,284 points.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberHaber7Haber7MilatMilatBloomberg HTBloomberg HT+22

On the judicial agenda, four people were referred to Silivri Courthouse in the investigation into former intelligence agency MİT official Kaşif Kozinoğlu. The Istanbul Chief Public Prosecutor's Office prepared a 195-page supplementary indictment against 29 suspects in the İstanbul Metropolitan Municipality (İBB) subsidiary investigation.TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+37

In foreign policy, U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York. Detention figures diverged across sources: the investigation into celebrities was reported as involving between 15 and 20 people, while the forex investigation was reported as involving either 174 or 191 people.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyetMilatMilat+32

Fund liquidation, capital markets investigations and judicial filestitle updated

Today's agenda included capital markets investigations, a fund liquidation decision and ongoing judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

The SPK assigned İş Bankası and Ziraat Bankası to oversee the liquidation of 131 funds belonging to seven portfolio management companies; as the crisis grew, it convened the Treasury's Financial Stability Committee, the TCMB increased repo funding and sold foreign currency. Justice Minister Yılmaz Tunç announced that 20 people had been arrested in investigations into manipulative transactions.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+32

In politics, a court lifted the interim measures related to CHP Istanbul, while the exam authority ÖSYM's higher education counterpart YÖK asked universities to cover the "Terror-Free Türkiye" goal in their first lecture. U.S. Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilatMilat+20

Outlets gave differing information on the scope of the fund liquidation and on the number of detentions and addresses in the forex investigation. Emphasis in two investigations concerning well-known figures also varied according to each outlet's editorial line.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+42

Fund liquidation, capital markets investigations and judicial files

Today's agenda included capital markets investigations, a fund liquidation decision and ongoing judicial files.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+38

The Capital Markets Board (SPK) assigned İş Bankası and Ziraat Bankası to liquidate 130 funds belonging to seven portfolio management companies. Justice Minister Akın Gürlek announced that 20 people were arrested in manipulative trading investigations.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHürriyetHürriyetMilatMilat+29

On the political front, a court lifted the injunctions concerning CHP Istanbul, while the Council of Higher Education (YÖK) asked universities to cover the "Terror-Free Türkiye" goal in their first class session. US Ambassador to Ankara Tom Barrack announced that Erdoğan and Trump would meet in New York.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7MilatMilat+20

Outlets gave differing information on the scope of the fund liquidation and on the number of detentions and addresses in the forex investigation. Emphases also varied by outlet in two investigations involving well-known figures.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkHaber7Haber7HürriyetHürriyet+42

Thursday, 17 September 2026as of 12:35

Liquidation decisions, investigations and new data in the fund market

The agenda through midday on September 17 was shaped by decisions concerning the fund market, ongoing investigations and new economic data.Anadolu Ajansı (ekonomi)Anadolu Ajansı (ekonomi)TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkDaily SabahDaily SabahHürriyetHürriyet+29

The Capital Markets Board (SPK) halted trading in funds of seven portfolio companies listed on TEFAS. According to ForInvest's account, liquidation decisions were made for 130 funds, and the Financial Stability Committee, convened in an extraordinary session chaired by Treasury and Finance Minister Mehmet Şimşek, stated that the problem was limited and manageable.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberHürriyetHürriyetYeni AsırYeni AsırBianetBianetBloomberg HTBloomberg HT+24

On the judiciary and security front, four detention orders were issued in the investigation into the 2011 death of Kaşif Kozinoğlu. The Istanbul Chief Public Prosecutor's Office announced it had blocked access to 419 social media accounts, and arrests continued in the investigation into the missing baby in Sivas.TRT HaberTRT HaberA HaberA HaberCNN TürkCNN TürkDaily SabahDaily SabahHürriyetHürriyetSabahSabah+26

Sources diverged on some details; the number of detained defendants in the İstanbul Metropolitan Municipality (İBB) case was given as 50 in one source and 51 in another, while coverage of the access-block news highlighted, according to foreign and independent press, whom the blocked accounts belonged to.A HaberA HaberHürriyetHürriyetSabahSabahYeni ŞafakYeni ŞafakBianetBianetDikenDiken+11

At 10:00 p.m., Beşiktaş hosts Marseille in the Europa League, broadcast on TRT 1.

Wednesday, 16 September 2026as of 01:47

September 16: A rough day in the markets, a heavy judicial and political agenda

Today's issue centered on economy, judiciary and politics.

On Borsa Istanbul (BIST), the BIST 100 index closed down 5.54%, and it was announced that the Financial Stability Committee would meet on the morning of September 17. The same day, the U.S. Federal Reserve raised its rate by 25 basis points, while Şimşek said disinflation was not progressing at the desired pace, and Özel proposed removing fuel taxes.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberDaily SabahDaily SabahHürriyetHürriyetDikenDikenDünyaDünya+14

In the judiciary and politics, defendants not under arrest in the İBB case gave their defense statements; CHP spokesperson Sarı said that with the withdrawal of the appeal in the absolute nullity case, the legal obstacle before the party congress had been removed. Arrests and social media access restrictions related to investigations originating in Istanbul and Izmir were also on the agenda.Anadolu AjansıAnadolu AjansıTRT HaberTRT HaberA HaberA HaberDaily SabahDaily SabahHürriyetHürriyetSabahSabah+18

Sources diverged in emphasis and framing on topics such as the Ailem Güvende investigation, the İBB case, the CHP congress process, the ruling on Nasuh Mahruki, and Tera Portföy. In sports and culture, the 2027 Formula 1 calendar, news about Beşiktaş and Trabzonspor, and the death of Münir Canar were featured.Anadolu Ajansı (spor)Anadolu Ajansı (spor)TRT Haber (manşet)TRT Haber (manşet)A HaberA HaberDaily SabahDaily SabahHürriyetHürriyetSabahSabah+19

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