Justice · Istanbul, Turkey · November 6, 2026

Turkey jails former minister in stock manipulation probe

Reported by 4 outlets · first reported Nov 5, 6:23 PM ET · from an earlier edition that day

A Turkish court jailed Fatma Betül Sayan Kaya, a former minister and deputy chair of the ruling AK Party, in a probe into stock price manipulation. She is accused of profiting from shares just before a market fall. Reports say about half a million small investors lost money. President Erdoğan said people he did not expect were involved.

Why it matters

The scandal has hit small investors and put pressure on Turkey's governing party.

Background

Prosecutors have charged her with breaking capital markets law and belonging to a criminal group.

Sources

• The Straits Times ↗Nov 6, 1:13 AM ET
• Asharq Al-Awsat ↗Nov 6, 3:52 AM ET
• BBC Türkçe ↗Nov 5, 6:23 PM ET

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