# Turkey: Ex-minister arrested in a major fund manipulation scandal

- URL: https://talkfuse.com/story/turkey-ex-minister-arrested-in-a-major-fund-manipulation-scandal/
- Published: 2026-11-06T10:38:00+00:00
- Updated: 2026-11-06T11:48:20+00:00
- Original publisher: DW (publisher lean: Centre)
- Original article: https://www.dw.com/en/turkey-ex-minister-arrested-in-a-major-fund-manipulation-scandal/a-79872732?maca=en-rss-en-all-1573-rdf
- Topics: Business, Government, Markets, Politics, World

## Key points

- Former minister Fatma Betul Sayan Kaya is held pending trial.
- Opposition alleges the couple gained 2.17 billion lira from a fund.
- More than 430 people are under investigation over suspected market manipulation.

## Summary

Fatma Betul Sayan Kaya, a former Turkish family minister and senior official in President Recep Tayyip Erdogan’s party, has been remanded in custody pending trial in an investigation into alleged market manipulation. The case matters because prosecutors say the suspected scheme affected hundreds of thousands of investors, and it has intensified political pressure on Erdogan’s government.

The main opposition alleges Kaya and her husband invested 163 million lira in a fund and later received 2.17 billion lira, selling shares shortly before suspected manipulation triggered a stock market crisis. The couple deny wrongdoing and have transferred some of the money to an account designated by banking regulators; Kaya’s husband has been released under police reporting conditions. Authorities are investigating more than 430 people, with 112 arrested, while the financial regulator dissolved 131 funds.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.