Turkey freezes assets of 42 individuals and 46 entities in investigation into capital market violations
Erdogan announces the freezing of assets and prosecution of investment company managers due to capital market violations.
Translated by Qiyas from الجريدة — Original source
In a post on the X platform yesterday, Saturday, he said that the assets of 42 individuals and 46 legal entities had been frozen.
The day before, he had written that at least 45 people, including executives of investment firms, had already been arrested.
Turkish authorities are investigating whether the valuations of the funds were artificially inflated. Media reports indicated that a large number of small investors were harmed.
Turkish President Recep Tayyip Erdogan said the issue was confined to a limited segment of the capital markets and that there was no threat to the Turkish financial system or economy, according to Anadolu Agency.
