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Former MP Ertan Aydın Sent to Court Over Fund Manipulation Request

Court imposes house arrest and travel ban on former lawmaker amid capital market investigation.

Sources: Afyon Türkeli Gazetesi, Bursa Hakimiyet, Colemêrg Haber, Haber Ankara4 sources ↓|· 1 min read
Former MP Ertan Aydın Sent to Court Over Fund Manipulation Request
Photo: Bursa Hakimiyet

KEY POINTS

  • Former MP Ertan Aydın sent to court with arrest request
  • Court orders house arrest and travel ban
  • Investigation involves 36 suspects and capital market manipulation
  • Aydın denies fraud and blames his Tera Investment role
  • Two charges filed against the former lawmaker

The Istanbul Chief Public Prosecutor's Office sent former lawmaker and advisor Prof. Dr. Ertan Aydın to court with a request for arrest. The move is part of a broad fund investigation into alleged manipulation and fraud in capital markets.

Aydın was taken into custody along with many other individuals during the operation. The investigation began following a criminal complaint filed by the Capital Markets Board.

“I am so shocked that... Whether I took even a small thing or not, a person becomes paranoid.”

— Ertan Aydın

On September 26, the Istanbul 11th Peace Criminal Court imposed a travel ban on 36 suspects, including Aydın. The court later decided on house arrest and a ban on traveling abroad as judicial control measures.

Aydın said he learned of the criminal complaint from journalists and described himself as shocked. He firmly denied allegations of stock fraud.

He linked his inclusion in the investigation to his role as an independent board member at Tera Investment. He stated that he signed no documents while in management and questioned why he was being held responsible for Vişne Mining's actions.

Aydın faces two charges: acting against the Capital Markets Law and membership in an organization established to commit crimes.

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