Turkey’s Capital Markets Board chief submits resignation

Mahmut Sütçü submitted his resignation as head of Turkey’s Capital Markets Board, saying he had health problems.

He took the role in May 2026 and had been in the job for about five months.

The board is under scrutiny after a fund crisis in which more than 500,000 people are reported to have invested money they cannot currently withdraw.

The fund case is being investigated, and one report says a relative of Deputy Finance Minister Osman Çelik was arrested in connection with it.

Çelik also submitted a retirement request, effective that day, to Finance Minister Mehmet Şimşek.

Details of Sütçü’s health and resignation are expected to emerge, but no successor is named in the reports.