Turkish Prosecutors Investigate Former SPK Chair Over Fund Scandal
Turkish prosecutors have sought permission to investigate the former head of the country’s capital markets regulator, İbrahim Ömer Gönül, on suspicion of abuse of office as a major investment fund scandal continues to shake financial markets. The scandal has led to the resignation of senior ruling party figure Fatma Betül Sayan Kaya amid allegations of widespread market manipulation. Prosecutors allege that Gönül failed to carry out his inspection and oversight responsibilities during his four-year term, which ended in April.7 sourcesSee all sources