World · Middle East · 15 hrs ago
Turkey detains former Erdoğan aide in investment fund investigation
Turkish police detained five more people in an investigation into suspected manipulation of investment funds, bringing this week’s total to 31.
The new detainees include Ertan Aydın, a former adviser to President Recep Tayyip Erdoğan and a former lawmaker from his AKP party.
The investigation examines suspected share manipulation involving four companies, after complaints by Turkey’s securities regulator.
The crisis began in September, when funds could not meet withdrawal requests, affecting the savings of about 455,000 people.
Investigators allege fund managers artificially raised investment values, leaving investors facing losses when prices fell.
Regulators ordered 131 funds to be liquidated so their assets can be sold to repay investors.
Parliament has approved the first five articles of a bill that could allow initial payments of up to 1 million lira, but opposition lawmakers say investors may have to wait while assets are sold.
Turkish police detained former presidential adviser Ertan Aydın and four other people in an investigation into suspected manipulation of investment-fund shares.
The five detentions brought the total detained in the week’s operation to 31, after 26 suspects were detained on Wednesday.
The investigation concerns shares in four companies and follows complaints by Turkey’s securities regulator.
The wider fund crisis began in September, when funds could not meet withdrawal requests, affecting about 455,000 people.
Regulators ordered 131 funds to be liquidated, while courts have jailed 88 suspects pending trial across related investigations.
- Who
- Ertan Aydın, a former adviser to President Recep Tayyip Erdoğan, and four other people.
- What
- They were detained in an investigation into suspected manipulation of shares in four companies.
- When
- Thursday, October 22, 2026, according to the articles.
- Where
- Turkey. Sözcü reported Aydın was detained in Ankara.
- Why
- The investigation concerns suspected share manipulation and follows complaints from the Capital Markets Board.
This story does not have two clearly opposing sides.
Investment funds could not meet withdrawal requests, affecting the savings of about 455,000 people.
Police detained 26 suspects in the operation, and Justice Minister Akın Gürlek announced that 88 suspects had been jailed pending trial across related investigations.
Police detained five more people, bringing the total in the week’s operation to 31.
- New detentions
- 5 people
- Total detained in this week’s operation
- 31
- Companies under share investigation
- Işıklar Enerji, Vişne Madencilik, Odine Solutions and Tera Finansal Yatırımlar Holding
- Investors affected by fund withdrawals
- About 455,000 people
- Funds ordered liquidated
- 131
- Suspects jailed pending trial across related investigations
- 88