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Turkey Freezes Assets Linked to Three Brokerages as Fund Crisis Probe Widens
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Turkey froze assets tied to executives of nine financial firms, including three brokerages, today (Monday), widening a criminal probe into collapsed investment funds. Justice Minister Akın Gürlek announced the measures. The order, which Gürlek set out in a post on X , covers board chairs and members, authorized signatories, their spouses and first-degree relatives. Sermaye piyasalarında gerçekleştirilen işlemlere ilişkin yürütülen soruşturma, vatandaşlarımızın haklarının korunması, suçtan elde edilen kazancın ortaya çıkarılması ve sorumluların adalet önünde hesap vermesi amacıyla çok yönlü olarak sürdürülmektedir.İstanbul Cumhuriyet… — Akın Gürlek (@abakingurlek) September 21, 2026 Those covered cannot carry out transactions that reduce their assets without prosecutors' approval, according to Turkish media reports of the minister's statement. The crisis has drained Turkey 's fund industry. Turkish investment funds lost 510 billion liras (about $11 billion) in assets between the end of August and September 18, according to Central Securities Depository data cited by Bloomberg, and the Borsa Istanbul All Shares Index fell 10% last week.
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