10.02.2026 00:10
Forty out of 68 suspects detained in Istanbul on charges of stock market fraud have been arrested. Judicial control measures have been decided for 21 suspects.
40 suspects, who were detained on the grounds of introducing themselves as investment consultants on social media and committing fraud with promises of profit in the stock market, as well as being connected to a criminal organization, were arrested.
The investigation initiated by the Istanbul Chief Public Prosecutor's Office regarding fraud in the stock market with high profit promises continues, involving charges of "establishing an organization for the purpose of committing a crime," "being a member of a criminal organization," and "qualified fraud."
Teams from the Fraud Bureau of the Public Order Branch Directorate also detained 3 more suspects, including financial advisors and accountants, within the same investigation.
68 suspects, identified as having committed fraud amounting to a total of 127 million lira through 50 companies they established, were referred to the courthouse after their procedures at the police station.
40 PEOPLE ARRESTED
After the procedures at the prosecutor's office, 52 of the suspects were sent to the peace criminal court for arrest, and 9 were sent for judicial control.
The court decided to arrest 40 of the suspects and to apply judicial control measures for 21 of them. It was also determined that 44 suspects related to the investigation were already in prison for various crimes, primarily "fraud."
WHAT HAPPENED?
In a statement from the Istanbul Chief Public Prosecutor's Office, it was reported that the Organized Crime Investigation Bureau was analyzing fraud cases across the country as part of the investigation conducted for the crimes of "establishing an organization for the purpose of committing a crime," "being a member of a criminal organization," and "qualified fraud."
It was stated in the announcement that the suspects, who shared advertisements on Instagram by introducing themselves as "investment consultants," promised citizens profits of up to 5 times their capital in a short time by trading shares of companies in the stock market.
The announcement noted that the suspects directed the victims to deposit the money they obtained into the bank accounts of the shell companies they established by loading an investment application called "IN.Pro" onto their mobile phones, and that the money received in the company accounts was transferred to second or third bank accounts before being sent to a crypto platform, thus making it impossible to trace.
The statement indicated that many people were defrauded through similar actions, with Y.G. being defrauded of 102 million 246 thousand 80 lira, A.Y. of 2 million 860 thousand lira, M.E.K. of 4 million 855 lira, H.K. of 3 million lira, and U.S.K. of 3 million 489 thousand lira, totaling 115 million 595 thousand 965 lira, and that 37 companies and 64 individuals were considered "suspects" in this regard.
The statement also recorded that as a result of technical surveillance, it was determined that H.D. was defrauded of 12 thousand dollars, H.Ö. of 1 million 392 thousand lira, K.T. of 1 million 289 thousand lira and 97 thousand 643 dollars, and A.S. of 223 thousand lira by the suspects.