Former Minister Fatma Betül Sayan Kaya and Husband Return 2.2 Billion Lira in Fund Probe
The couple voluntarily transferred investment gains to the state fund after prosecutors approved the request.
KEY POINTS
- Former minister and husband returned 2.2 billion lira in investment gains to TMSF on October 5, 2026
- Istanbul prosecutors approved the voluntary transfer under new SPK regulation
- Couple denies wrongdoing, says trades were independent and based on public information
- Assets were previously frozen in Özata Denizcilik fund investigation
- Both gave statements to prosecutors on October 7 denying allegations
Former AK Party minister Fatma Betül Sayan Kaya and her husband İlyas Kaya transferred approximately 2.2 billion Turkish lira in investment gains to the Savings Deposit Insurance Fund (TMSF) on October 5, 2026. The payment covers profits from Özata Denizcilik share trades made earlier in 2026, excluding the principal amounts.
Istanbul Chief Public Prosecutor's Office authorized the voluntary transfer after reviewing the couple's application under a Capital Markets Board (SPK) regulation announced on October 1. The regulation allows investors who earned excessive profits before fund liquidation decisions to return gains voluntarily.
“I felt conscience discomfort after the case reflected in public opinion and sent the gains to the account announced by TMSF.”
Prosecutors had previously frozen all assets belonging to the Kayas as part of an investigation into Özata Denizcilik share transactions. The couple is alleged to have earned 2.2 billion lira from shares purchased at low prices and sold at significant multiples before the fund scandal emerged.
Both Fatma Betül Sayan Kaya and İlyas Kaya gave statements to prosecutors on October 7, denying any wrongdoing. They stated they acted on their own initiative without insider information or external guidance. İlyas Kaya said he felt "conscience discomfort" after the case became public and decided to return the gains.
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