Interior Minister Çiftçi Vows Continued Operations Against Stock Manipulation
Mustafa Çiftçi says raids will persist after SPK launches liquidation for 130 funds and prosecutors detain executives.

KEY POINTS
- Minister Çiftçi pledges ongoing raids against alleged stock manipulation
- SPK orders liquidation of 130 funds; executives detained, 48 travel bans issued
- 562 crime groups targeted in 1,592 ops; 6,916 jailed in 8 months
- 657 fugitives returned from 44 countries; 107 are crime leaders
- Financial crime ops seize 14.3M lira, 13,782 checks, 846 cards, 161 POS devices
Interior Minister Mustafa Çiftçi stated on September 17 that police operations targeting alleged stock market manipulation will continue indefinitely. Speaking on TGRT Haber, Çiftçi said raids took place earlier that day and more could follow by morning, adding "the state does not forget, does not sleep."
The Capital Markets Board (SPK) initiated a liquidation process for 130 investment funds on September 16. Prosecutors detained Pusula Portfolio Chairman Muhammet Yarız and placed Namık Kemal Gökalp, İbrahim Bekçi, and Altunç Kumova under custody. A travel ban was imposed on 48 individuals, including Tera Investment Technology Holding Chairman Emre Tezmen and KatılımEvim Chairman Serdar Turhan.
“Operations will continue. Today there was an operation. Tomorrow by morning there may be another. The state does not forget, does not sleep.”
Çiftçi reported that security forces conducted 1,592 operations against 562 organized crime groups in the first eight months of 2026, detaining 6,916 suspects. He added that 657 fugitives were extradited from 44 countries, including 107 organized crime leaders or members.
On financial crimes, the minister said authorities carried out 10,064 operations, detained 22,185 people, and arrested 2,386. Seizures included 13,782 checks and promissory notes, 846 bank and credit cards, 161 POS devices, and 14.3 million lira in cash. Separately, 1,040 usury operations led to 3,156 detentions, 674 arrests, and the recovery of 11.7 million lira for victims.
2 more sources below
COMMENTS (0)
No comments yet. Be the first.
RELATED STORIES

Municipal leaders meet in Kalamata to demand 2.7 billion euros in funding
KEDHE’s three-day conference opens Thursday as Greek municipalities protest budget cuts and rising energy costs.

Democrats poised to seize Congress and state governments in midterm elections
A Democratic sweep of Congress and state governments could reshape U.S. climate policy and constrain President Trump's agenda.

Former minister, husband, ex-SPK head summoned for questioning in fund probe
Istanbul prosecutors call Fatma Betül Sayan Kaya, her husband Ilyas Kaya and former SPK head Ibrahim Omer Gonul to testify as suspects.
- Democratic Midterm Gains Pressure Tesla and SpaceX Shares
- Tsipras Visits Kalamata Hospital, Accuses Mitsotakis Government of Undermining Public Health System
- Nice school attack: mother charged with attempted murder after assaulting headteacher and teacher
- Turkish Labor Minister Outlines 2027 Budget and Minimum Wage Timeline
- Călărași county council president bought over one million euros of property in Italy
This page was compiled with AI assistance from the outlets named above and passed an automated language check before publication. Montegre has no reporters of its own; the byline names the outlets the story was compiled from. Method and editorial standards