BRIBED IN, SQUEEZED OUT: AN IPO TALE FROM BURSA
With the investment fund scandal still unfolding, a new allegation has come to light: companies were asked for bribes to secure approval from the Capital Markets Board (SPK) to go public.
Analysis
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With the investment fund scandal still unfolding, a new allegation has come to light: companies were asked for bribes to secure approval from the Capital Markets Board (SPK) to go public.
A lawsuit seeking to annul the results of the CHP’s 2023 congress—based on allegations that delegates were bribed—has triggered a renewed power struggle between current Chair Özgür Özel and his predecessor, Kemal Kılıçdaroğlu.
As the first hearing in the main “corruption and bribery” case against Istanbul Mayor Ekrem İmamoğlu and his colleagues approaches — along with the anniversary of his detention — CHP Chair Özgür Özel said there are preparations to delay the proceedings by another three months.
CHP Chair Özgür Özel said he has evidence that some prosecutors and lawyers pressured defendants in the Istanbul Municipality cases to falsely confess to paying bribes in exchange for release. The following day, lawyer Mehmet Yıldırım was detained on the orders of the Istanbul Chief Public Prosecutor’s Office.
A lawsuit seeking to annul the results of the CHP’s 2023 congress—based on allegations that delegates were bribed—has triggered a renewed power struggle between current Chair Özgür Özel and his predecessor, Kemal Kılıçdaroğlu.