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Turkey · Security · Minor · impact 4 of 5
First reported 2 October 2026 · latest 2 October 2026 · 1 reports from 1 outlet
Turkey is liquidating 131 funds after an alleged market-manipulation scheme hit about 455,000 investors, locking in losses and extending uncertainty over repayment and oversight.
This sharp drop in stock prices was triggered by a major market manipulation scandal. Approximately 455,000 investors have been affected, more than 45 people have been arrested and a high-ranking politician from the ruling Justice and Development Party (AKP) has resigned. Everything started when some investment fund providers had trouble making timely repayments to investors.
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This sharp drop in stock prices was triggered by a major market manipulation scandal. Approximately 455,000 investors have been affected, more than 45 people have been arrested and a high-ranking politician from the ruling Justice and Development Party (AKP) has resigned. Everything started when some investment fund providers had trouble making timely repayments to investors.
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