Politics · Turkey · 1 day ago
Former Turkish minister questioned in fund investigation
Former Turkish Family and Social Services Minister Fatma Betül Sayan Kaya and her husband, İlyas Kaya, were questioned as suspects on Oct.
7.
The investigation concerns their transactions involving shares in Özata Denizcilik and subsequent fund movements.
Kaya said she bought about 250,000 lots of the company’s shares in April 2026 and sold them in August and September.
She said she briefly invested the proceeds in a Tera fund, then withdrew them and transferred them to an account designated by the Savings Deposit Insurance Fund.
Both Kaya and her husband denied receiving guidance or privileged information for their investment decisions.
Kaya also resigned from the ruling Justice and Development Party.
Investigators are reviewing their statements alongside financial data and other evidence, and the Capital Markets Board is expected to file a criminal complaint against the couple.
Former Turkish minister Fatma Betül Sayan Kaya and her husband were questioned as suspects in an ongoing fund investigation.
The couple gave statements on Oct. 7 about transactions involving shares of Özata Denizcilik.
Kaya said she bought about 250,000 lots of the shares in April 2026 and sold them in August and September.
She said the proceeds were briefly invested in a Tera fund before being transferred to an account designated by the Savings Deposit Insurance Fund.
Kaya resigned from the ruling Justice and Development Party and denied receiving guidance or privileged information.
- Who
- Former minister Fatma Betül Sayan Kaya and her husband, İlyas Kaya.
- What
- They were questioned as suspects in a fund investigation over transactions involving Özata Denizcilik shares.
- When
- They gave statements on Oct. 7. The article was published on Oct. 11, 2026.
- Where
- Not stated.
- Why
- Investigators are examining their transactions and related fund movements.
Fatma Betül Sayan Kaya and İlyas Kaya
Allegations under investigation
Investment guidance
Fatma Betül Sayan Kaya and İlyas Kaya
Kaya denied receiving guidance or privileged information; İlyas Kaya also denied receiving guidance from anyone.
Allegations under investigation
The investigation concerns allegations about the couple’s transactions in Özata Denizcilik shares.
Investment proceeds
Fatma Betül Sayan Kaya and İlyas Kaya
Kaya said the proceeds were briefly invested in a Tera fund and later transferred to a TMSF-designated account; İlyas Kaya said he transferred investment gains after the investigation became public.
Allegations under investigation
Investigators are reviewing financial data, transaction timing, investment amounts and subsequent fund movements.
No direct quotes in the coverage so far.
Kaya said she bought approximately 250,000 lots of Özata Denizcilik shares.
Kaya said she sold the shares.
İlyas Kaya said he transferred investment gains to a TMSF-designated account.
Fatma Betül Sayan Kaya and İlyas Kaya gave statements as suspects.
- Former minister
- Fatma Betül Sayan Kaya
- Other suspect
- İlyas Kaya, her husband
- Shares
- Özata Denizcilik
- Reported purchase
- Approximately 250,000 lots in April 2026
- Statements
- Oct. 7
Sources
Related news
Turkish cabinet to discuss fund crisis and peace process
Turkey fined manufacturers 287 million lira after product checks
Turkey’s social media restrictions for under-15s take effect November 1
Turkey’s post-2008 civil servants face lower pension calculations
Türkiye Cabinet to discuss fund payments and regional conflicts
Turkey’s gendarmerie to recruit 135 officers for 2027
Turkey’s political and economic agenda includes meetings and data release
Turkey proposes rules to repay investors in funds being liquidated
Turkey imposes 128.8 million lira in fines for illegal fishing
Former Bayraklı mayor and son among 15 jailed in municipal inquiry
