Veytics Intelligence
2026-11-03 · Euronews

Turkey's justice minister says 'criminal network' behind billion-dollar fund scandal

Investigators in Turkey probing a multi-billion-dollar investment fund scandal have uncovered a "comprehensive criminal network" that infiltrated the highest levels of financial markets, Justice Minister Akin Gürlek said on Tuesday. His remarks came days after police detained the Istanbul stock exchange boss as part of a sprawling probe that began in mid-September into allegations of widespread market manipulation affecting the savings of nearly half a million investors. The scandal has dominated the headlines for weeks, raising uncomfortable questions about who might have profited and putting pressure on President Recep Tayyip Erdoğan's ruling AK Party (AKP), with one of its top cadres resigning following allegations about her investment activities.

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