Deputy chair of Turkey's AK Party resigns after trading allegation amid funds crisis
Kaya said she sought to step aside so investigators could examine claims that she and her husband profited from stock trades before the selloff.
- Former Family and Social Policies Minister Fatma Betül Sayan Kaya resigned from her current role as AK Party Deputy Chair early Sunday to allow an independent investigation into allegations surrounding a public fund controversy.
- The resignation follows opposition allegations from the New Party claiming Kaya and her husband traded tens of millions of liras in shipbuilding shares that recently surged in value during a market liquidity crisis.
- The Capital Markets Board filed criminal complaints and imposed trading bans against 11 individuals linked to market transactions, though neither Kaya nor her husband was explicitly named in the formal regulatory complaints.
- Kaya stated on social media that she asked President Recep Tayyip Erdoğan to relieve her of party duties so the claims could be thoroughly clarified "without leaving any room for doubt".
- The political fallout comes as Turkish prosecutors and financial crimes investigators execute provincial asset freezes and broader probes into $20 billion in liquidated investment funds.
38 Articles
38 Articles
Deputy chair of Turkey’s AK Party resigns after trading allegation amid funds crisis
A deputy chair of President Tayyip Erdogan’s ruling AK Party stepped down after an opposition politician accused her of making a large profit on shares just before a funds crisis triggered a major selloff on the country’s stock market. Fatma Betul Sayan Kaya, the AK Party’s deputy chair responsible for social policies and who also […]
Deputy chair of Turkey's AK Party resigns after trading allegation amid funds crisis
A deputy chair of President Tayyip Erdogan's ruling AK Party stepped down after an opposition politician accused her of making a large profit on shares just before a funds crisis triggered a major selloff on the country's stock market.
Turkey ex-minister resigns as investment fund crisis grows
The late-night post on X came after days of growing speculation about Betul Sayan Kaya's alleged links to the scandal, which erupted earlier this month and triggered concerns about liquidity in parts of the investment-fund sector. Regulators moved in quickly to address the crisis, placing into liquidation seven companies managing 131 investment funds with assets reportedly worth around $17 billion. "I have submitted my request to our party chai…
sabah.com.tr
A HaberBreaking news - AK Party Deputy Chairperson Fatma Betül Sayan Kaya announced her resignation from her positions in order to clarify the allegations that have surfaced in recent days and to ensure the smooth progress of the process. AK Party Deputy Chairperson Fatma Betül Sayan Kaya made the announcement on social media...
Cedarnews.net. لمتابعة المزيد من أخبار والتقارير الحصرية، زورونا على موقعنا. Fatma Betül Sayan Kaya resigned from AKP. After the share transaction allegations against him, Kaya requested to be relieved of all his duties. This is Cedarnews. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
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