Remanded in Turkey market probe after resigning in September over investment funds allegations; ex-family and social affairs minister tied to share-price manipulation cases.
Turkish prosecutors have frozen the assets of Fatma Betul Sayan Kaya and her husband as part of an investigation into insider trading linked to an investment fund crisis. Kaya has resigned from her post as deputy chair of Erdogan’s AKP, stating she is taking political responsibility to allow an independent inquiry.
Fatma Betul Sayan Kaya, a former Turkish minister and deputy chair of the AKP, has been remanded in custody on charges linked to capital markets violations and alleged membership in a crime organization. The case centers on alleged insider information and large share sales ahead of a government-led liquidation of several funds amid a broad market-manipulation probe.