Turkey arrests ex-minister Fatma Betul Sayan Kaya over funding fund scandal

World

By Linda Ikeji
6 November 2026, 10:59 am

Authorities in Turkiye have arrested a former minister and deputy chair of President Recep Tayyip Erdogan’s ruling get together over her alleged position in a share-price manipulation scandal involving a number of funding funds.

Fatma Betul Sayan Kaya resigned as deputy chair of Turkey’s ruling Justice and Development Party in September, shortly after allegations surfaced that she had offered shares price tens of hundreds of thousands of {dollars} shortly earlier than regulators ordered the liquidation of funding funds over alleged market manipulation.

Kaya, who served as household and social affairs minister from 2016 to 2018, was taken into custody late on Thursday pending a doable trial on prices of membership in a felony group and violating Türkiye’s Capital Markets Law, the state-run Anadolu Agency reported.

Her husband was launched provided that he repeatedly experiences to police, following a second spherical of questioning for the couple.

Türkiye’s predominant opposition get together has accused Kaya of receiving 2.17 billion liras ($43 million) after reportedly investing 163 million liras ($3 million) in one of many funds.

The couple have denied any wrongdoing however have transferred a few of the income to an account designated by the banking regulators, in line with media experiences.

More than 430 persons are below investigation over suspected market manipulation and insider buying and selling, together with 112 who’ve been arrested as a part of the scandal, Justice Minister Akin Gurlek mentioned this week.