8 Hrs
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عربي21
Erdogan's Party Reckoning
Turkish President Recep Tayyip Erdoğan pledged to hold accountable everyone found to have been involved in the investment funds crisis. He announced the formation of a committee, chaired by his deputy, to coordinate their liquidation and protect investors’ rights. The investigations have widened to include former financial officials and figures from the Justice and Development Party (AKP). A court ordered the detention of former Family Minister Fatma Betül Sayan Kaya and a former deputy head of the Capital Markets Board. The case remains under investigation, and no final ruling has been issued. Authorities had decided to liquidate 131 funds, affecting 455,758 investors, with assets worth more than $18 billion.
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