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Türkiye's Capital Markets Will Be Cleansed of 'Greedy Parasites': Erdoğan

Summary by Daily Sabah
Türkiye's capital markets will emerge from the fund turmoil cleansed of "greedy parasites," President Recep Tayyip Erdoğan said Wednesday, reiterating that the government would do...

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Recep Tayyip Erdogan says State Supervisory Council is investigating the issue and pledges authorities will not tolerate negligence, legal violations or misconduct

·Ankara, Türkiye
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Right

Breaking news... Vice President Cevdet Yılmaz briefed the Grand National Assembly on the investigation into the fund. Emphasizing that the foundations of the Turkish economy are strong, Yılmaz stated that priority will be given to small investors. He also said that Treasury funds will not be used...

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The Turkish authorities are taking decisive measures to pay funds as soon as possible to citizens affected by problems in the investment fund market, President Recep Tayyip Erdogan said. “We are taking the necessary steps to pay our citizens as soon as possible without creating a burden on the state,” Erdogan said at the opening of the new legislative year in Ankara, RIA Novosti reports. According to him, the judicial authorities are dealing wit…

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Former Speaker of the Turkish Grand National Assembly, Bülent Arınç, commented on the "fund crisis" in the capital markets. Stating that a loss of 800 billion Turkish Lira was mentioned, Arınç said that the amount of money promised to be collected did not even reach 8 billion Turkish Lira. He argued that those responsible should be brought to justice.

·Türkiye
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Haberler broke the news on Wednesday, September 30, 2026.
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