21 Hrs
Source:
المشهد العربي
Turkey detains 4 officials over market concerns
Turkish authorities announced the imprisonment of four officials from investment funds, including the chairman of one fund and members of its board of directors, on charges of market manipulation. These measures came following a complaint from the Turkish Capital Markets Board concerning suspicious transactions involving stock funds and investments, as part of efforts to support financial stability in the country—particularly after a wave of selling that led to difficulties in meeting client withdrawal requests. Additionally, the authorities imposed travel bans and asset restrictions on 51 other individuals, and proceeded with the liquidation of several funds valued at approximately $18.3 billion.
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