WITH VOTES SLIPPING, ERDOĞAN TURNS TO PENSIONERS EARLY
Losing votes over the fund scandal and shaken almost daily as new figures with party links are exposed, the AKP government launched its election campaign early.
Analysis
In-Depth Analysis
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FUND PAYOUTS BEGIN AS ERDOĞAN AWAITS AUDIT REPORT
Sweeping reforms to capital markets institutions will hinge on a State Audit Council (DDK) report on the multi-billion-dollar investment fund scandal, with President Recep Tayyip Erdoğan awaiting its findings before taking action.
FUND SCANDAL STALLS OVER SECRET LIST OF WINNERS
The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.
JOURNALISTS TAKE TO THE STREETS AS CRACKDOWN CONTINUES FULL-FLEDGED ON MEDIA
Journalists will take to the streets on Oct. 24 to urge the government to end the detentions, arrests, blockages, access bans and all kinds of pressure on media members as the crackdown escalated after the liquidation of investment funds.
FUND CRISIS ERASES BILLIONS FROM BORSA ISTANBUL
More than a month after the fund collapse occurred, the shockwaves continue to rock the stock market. The crisis wiped out trillions of liras in corporate market capitalization and drove key valuation metrics to multi-year lows in Borsa Istanbul.
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.
A MONTH ON, NO ONE HELD TO ACCOUNT FOR FUND SCANDAL
Several weeks have passed since the fund scandal broke, but no official responsible has been arrested or fired. One investigation permit has been granted for a former official, while the government is in a hurry to complete the legal steps that would put an end to the scandal.
ACCESS BAN HITS TİP’S X ACCOUNTS AFTER FUND SCANDAL POSTS
Authorities have ordered an access ban on the X accounts of the left-wing TİP headquarters and its Istanbul branch, the party said on Oct. 14, following thousands of similar bans on the accounts of academics, journalists, websites and associations.
FUND SCANDAL PAYOUTS BEGIN AS MSCI FREEZE DEEPENS MARKET TURMOIL
For nearly half a million retail investors caught in Turkey’s worst financial storm in years, compensation has finally begun to flow. But the first cash distributions came as the fallout spread beyond Turkey’s borders: global index provider MSCI froze index changes for Turkish equities on Oct. 15 and warned of a possible downgrade, while prosecutors broadened their probes and lawmakers scrambled to pass emergency legislation.
RULING AKP RACES TO CONTAIN FUND SCANDAL AS IT REACHES THE CABINET MEMBERS
The ruling party has rapidly rolled out compensation for some victims of the stock market scandal that is rocking the government, and cut ties with one former minister, while the main opposition Yeni Party links two sitting ministers to the affair.
FUND CRISIS TOLL DEEPENS AS INVESTOR PAYOUTS BEGIN
In one of the country’s largest financial scandals, payments to victimized fund investors began and priority will be given to small investors, according to statements from officials.
FUND SCANDAL EXPOSES TWO-TIER JUSTICE, AS GOVERNMENT FAST TRACKS MEASURES
The government is seeking to create the impression that it is cutting ties with those involved in the stock market scandal and has launched an investigation, announcing that up to a million liras of losses will be repaid to investors soon. But the opposition calls it the 'corruption of the century' and is seeking a parliamentary inquiry.