9 Hrs
Source:
اقتصاد
Turkey Fund Probe Widens
Turkish Justice Minister Akın Gürlek said an investigation into the manipulation of investment funds had uncovered a criminal network reaching senior levels of the markets and financial bureaucracy. Its members were accused of manipulating stocks and siphoning off liquidity through bribery. The investigation involves 433 suspects: 112 have been remanded in custody, 186 released under conditions, and 38 remain under investigation. Assets worth around 30 billion lira (nearly $600 million) have also been seized. In an effort to compensate those affected, authorities announced that 97.3 billion lira had been paid to around 250,000 investors by October 30, following a decision to liquidate 131 funds managed by seven companies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)