Politics · Turkey · 6 hrs ago
İstanbul prosecutors investigate sharing of confidential fund-crisis documents
İstanbul prosecutors have opened an investigation into people who shared confidential documents about Turkey’s investment fund crisis online.
The prosecutors have not named anyone under investigation or said which documents were shared.
The crisis began in mid-September, when some funds could not meet investors’ withdrawal requests, prompting a stock market selloff and investigations into suspected market manipulation.
Turkey’s securities regulator ordered 131 funds managed by seven companies to be liquidated; the funds held more than 890 billion lira in reported assets, and 455,758 individual investors were affected.
The investigation into document-sharing comes as journalists have been jailed or placed under house arrest over coverage of alleged political links to the crisis, and a court has blocked three related articles.
Prosecutors say publicly disclosing confidential investigation material can be a crime, while the law also protects reporting within lawful limits.
The prosecutors have sent requests to the securities regulator, the İstanbul stock exchange, financial institutions and other bodies, but no further steps in the new investigation are specified.
İstanbul prosecutors launched an investigation into people who shared confidential documents from an inquiry into Turkey’s investment fund crisis.
The prosecutors said investigation documents had appeared on social media and other digital platforms, but did not identify those under investigation or specify which documents were shared.
They said publicly violating the confidentiality of an investigation can be a crime under Article 285 of the Turkish Penal Code.
The investigation comes amid arrests and restrictions on reporting about the fund crisis and alleged political connections to it.
The crisis began in mid-September, when some funds could not meet investors’ withdrawal requests, triggering a stock market selloff and investigations into suspected market manipulation.
- Who
- İstanbul prosecutors are investigating people who shared confidential documents. They have not identified those people.
- What
- Prosecutors opened a criminal investigation into the public sharing of documents from the fund-crisis inquiry.
- When
- Monday, October 12, 2026.
- Where
- İstanbul, Turkey; prosecutors said the documents appeared on social media and other digital platforms.
- Why
- Prosecutors said publicly disclosing confidential investigation documents may violate Article 285 of the Turkish Penal Code.
This story does not have two clearly opposing sides.
Some investment funds could not meet investors’ withdrawal requests, triggering a stock market selloff and investigations into suspected market manipulation.
An İstanbul court jailed Sözcü editor Mustafa Balcı and Bizim TV editor-in-chief Şaban Sevinç pending trial on accusations of publicly disseminating misleading information.
Journalists İsmail Saymaz and Murat Ağırel were placed under house arrest after prosecutors challenged an earlier release decision.
İstanbul prosecutors announced an investigation into people who shared confidential documents from the fund inquiry.
- Fund assets
- More than 890 billion lira, approximately $18 billion at the time
- Funds ordered liquidated
- 131 funds managed by seven companies
- Investors affected
- 455,758 individual investors
- Legal provision
- Article 285 of the Turkish Penal Code
- Institutions contacted
- SPK, Borsa İstanbul, MKK, the Banks Association of Turkey and other institutions
What people are saying
Publicly violating the confidentiality of an investigation constitutes the offense of ‘violation of the confidentiality of an investigation’ under Article 285 of the Turkish Penal Code, and our office has initiated criminal proceedings ex officio against those responsible for these posts







