Here Is the Article that Initiated the Fund Investigation! Istanbul Chief Public Prosecutor's Office Sent a 'Confidential' Memorandum to the Capital Markets Board on August 19 - Sözcü Newspaper
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14 Articles
The behind-the-scenes details of the massive investigation, known in the public as the "funding investigation," which has been in the news recently due to a series of legal measures, have been revealed.
In the Tera and Pusula fund scandal, different groups converged on the same questions: Why did the Capital Markets Board (SPK) and the Istanbul Stock Exchange (Borsa Istanbul) fail to act despite the prosecutor's "urgent" request 19 months ago? From whom did the confidential information leak, and who turned a blind eye to the multi-billion dollar transfers?
It has been alleged that a "confidential" memorandum sent by the Istanbul Chief Public Prosecutor's Office to the Capital Markets Board (SPK) on August 19th was leaked. Following the leak, it was claimed that Pusula Finans Holding executives Serdar Turhan and Muhammed Yarız sent a total of over 4 billion TL to Switzerland.
It was alleged that a confidential prosecutor's document in the fund investigation was leaked to Pusula Finans Holding. Following this, the billions of liras transferred abroad by company executives attracted attention. The Istanbul Chief Public Prosecutor's Office sent a letter to the Capital Markets Board (SPK) on August 19, 2026. The letter included allegations of unusual transactions in certain shares through funds. CONFIDENTIAL INVESTIGATIO…
Behind the Scenes of the Fund Crisis that Shook 800,000 Investors: It All Started with that Article.
The origins of the "fund crisis," which caused a major stir in capital markets and reportedly affected hundreds of thousands of investors, have been revealed. A critical memorandum sent by the Istanbul Chief Public Prosecutor's Office to the Capital Markets Board (SPK) ignited the investigation.
A confidential memorandum sent by the Istanbul Chief Public Prosecutor's Office to the Capital Markets Board (SPK) revealed the behind-the-scenes details of the massive "fund investigation." The Chief Public Prosecutor's Office, which identified abnormal increases in share values on the Istanbul Stock Exchange (BIST) of up to 100 times, listed manipulative purchases made through funds, the enormous discrepancy between companies' equity and stock…
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