"17 suspects detained in Istanbul Stock Exchange manipulation allegations."

28.05.2025 09:22

A detention order has been issued for 17 suspects on the grounds of alleged manipulation through social media in certain transactions on Borsa Istanbul. The Istanbul Chief Public Prosecutor's Office had initiated an investigation due to abnormal fluctuations in trading volume and stock prices.

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In Istanbul Stock Exchange (BIST), a detention order was issued for 17 suspects on the allegation of manipulation in some transactions through social media. The Istanbul Chief Public Prosecutor's Office initiated an investigation based on findings that there were fluctuations in trading volume and stock prices contrary to the ordinary course of life in the capital market instruments traded on BIST, and that artificial increases harmed small investors.

THEY MANIPULATED THE SHARES OF TWO COMPANIES

Within the scope of the investigation, it was determined that manipulation was carried out on the shares of Türk Prysmian Kablo ve Sistemleri AŞ (PRKAB) and Doğan Burda Dergi Yayıncılık ve Pazarlama AŞ (DOBUR). A detention order was issued for 17 suspects who were found to have manipulated through social media pages named "Hektor, Hektor As, and Borsa Dostlar Konağı" for the crimes of "establishing an organization for the purpose of committing a crime" and "market fraud." Following this, law enforcement agencies launched operations in Istanbul, Antalya, Şanlıurfa, Izmir, Kayseri, Malatya, Samsun, Bursa, and Ankara to capture the suspects.

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