POWER SHIFTS TOWARD AKP IN MORE MUNICIPALITIES AS OPPOSITION UNITE FOR TBB ELECTION
Fresh waves of judicial probes and detentions targeting opposition-led municipalities across Turkey are reshaping the country's local political landscape.
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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.
CORRUPTION CRACKDOWN SHAKES BUSINESS AND POLITICS
A wave of asset seizures and prosecutions has shattered old certainties about which business groups are in favor with the government. The detentions and confiscations – some linked to the corruption probes into CHP municipalities – are raising hairs across the business world with observers uncertain whether it’s a genuine anti-corruption effort, a move to redistribute capital, or a sign of an internal power struggle within the presidency.
MAN AT THE CENTER OF ISTANBUL PROBE BREAKS HIS SILENCE
Akın Gürlek, Istanbul’s chief public prosecutor known for ordering probes and detentions against the opposition CHP, spoke on camera for the first time at the opening of the new judicial year. He said indictments related to the Istanbul Municipality would be ready in September and October.
JOURNALIST LINKS MEDIA ROLE TO IMAMOĞLU PROBE
Pro-government journalist Cem Küçük, known for his close ties with Istanbul Chief Prosecutor Akın Gürlek and for publicizing details of probes into the CHP-run municipalities, admitted to carrying out his “duty” in the ongoing investigations.