Head of Borsa Istanbul held in probe into fund dealings
Reuters, citing Anadolu Agency, reports that the Borsa Istanbul chief was detained over suspected bribery. The exchange had not yet commented on the report.
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what happened
Reuters, citing the state-owned Anadolu Agency, reports that Korkmaz Enes Ergun, head of the Turkish exchange, was taken into custody on Saturday. He is suspected of taking bribes.
According to the agency, the detention is part of an inquiry by the Istanbul prosecutor's office into capital market dealings. Anadolu says Ergun faces charges of belonging to a group set up to commit crimes and of bribery, but it did not name where that information came from.
Exchange representatives could not be reached for an immediate comment, and the story was widely picked up by Turkish media.
why it matters
The case comes after regulators last month ordered 131 funds run by seven asset managers liquidated, following warnings that they could not meet redemption payments. Investors may watch how the probe affects governance at the exchange and confidence in Turkey's fund sector, though the report contains no data on trading impact.
market impact
Turkish stocks: the probe adds uncertainty around exchange governance and the fund industry
tags
instruments
sources
- Borsa Istanbul general manager detained in fund investigation, Anadolu Agency says — Reuters, 31 October 2026 at 18:17 UTC
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