Takasbank Chief Gives Statement as Suspect in Fund Scandal, Then Resigns

The Istanbul Chief Public Prosecutor's Office coordinated a fund investigation and summoned Takasbank General Manager Yunus Arıncı for questioning as a suspect. After his statement, Arıncı was released under a ban on traveling abroad and an obligation to sign in regularly.

Arıncı subsequently resigned from his position as general manager of Takasbank. He had held the post since June 7, 2024.

“Friends, look, this is important. Collateral is something else; collateral works, you cannot manipulate with collateral, but you manipulate with liquidity, and he manipulated with the money he took from these markets.”

The investigation also revived parliamentary exchanges in which Arıncı had defended Tera's financing through Takasbank's spot market. He stated that Tera had 21 billion lira in collateral and 9 billion lira in risk.

Arıncı said Takasbank did not lend from its own resources and that financing was provided through intermediary institutions against collateral. He described the 9 billion lira risk as cumulative and arising from overnight or weekly transactions.

Opposition MPs criticized the arrangement. CHP Istanbul MP Özgür Karabat said repayment was like "come, come," while IYI Party Samsun MP Erhan Usta argued that liquidity, not collateral, enabled manipulation.

Arıncı had served as a civil servant since 1997 and previously led the Presidential Supervision Board until he was removed by presidential decree in 2024.