17.10.2026 01:10
The Capital Markets Board (SPK) decided to file criminal complaints against a total of 37 people due to transactions carried out in Vişne Madencilik and Işıklar Enerji shares. In two separate files, while a 2-year trading ban was imposed on many individuals and companies, it was decided that the capital markets licenses of 21 people would also be revoked for the duration of the ban. The Board also announced its decisions regarding the liquidation of Hedef Portföy funds and the capital increases of companies.
In the Capital Markets Board's (CMB) weekly bulletin, decisions regarding sanctions for transactions carried out in capital markets, as well as investment funds and companies' financing applications, were published. The most striking part of the bulletin was the criminal complaints and trading bans imposed due to transactions in the equity market of two companies.
CRIMINAL COMPLAINT AGAINST 22 PEOPLE IN THE VIŞNE MADENCİLİK CASE
The Board, evaluating the transactions carried out in the shares of Vişne Madencilik Üretim Sanayi ve Ticaret AŞ (VSNMD), decided to file a criminal complaint against 22 people within the scope of Article 107/1 of the Capital Markets Law.
The following names were included in the decision:
Emre Tezmen, Gül Ayşe Çolak, Emir Münir Sarpyener, Ertan Aydın, Kerem Alkin, Kadir Boy, Ali Rıza İncekara, Alper Öztürk, Ümit Yılmaz, Haldün Saffet İnal, Erdal Yeniçeri, Erkan Kilimci, İbrahim Bekçi, Ayşegül Kaya, Okan Uzunoğlu, Yasemin Yılmaz, Mehmet Selim Tunçbilek, Mustafa Terzi, Ahmet Haluk Güner, Erdem Özkan, Mehmet Ali Gedik and Didem Muradoğlu.
In addition to the aforementioned 22 people, a two-year trading ban will be imposed on Tera Yatırım Menkul Değerler, Tera Portföy Yönetimi, MAG Tarımsal Ürünler Pazarlama ve Ticaret and Dilim Bilişim Teknolojileri Perakende Ticaret.
The restriction on Tera Yatırım and Tera Portföy, however, will cover only the transactions they carry out in VSNMD shares in their own name and accounts.
SANCTIONS ALSO FOR IŞIKLAR ENERJİ TRANSACTIONS
The other company the Board took under investigation was Işıklar Enerji ve Yapı Holding (IEYHO). It was decided to file a criminal complaint against 15 people due to transactions in the company's shares.
These people were listed as follows:
Nusret Altınbaş, Mücahit Acaralp, Çetin Genç, Seyit Tahir Özek, Metin Kartal Emür, Osman Saraç, Fadimenur Demir, Gülsüm Doğan, Canan Özdemir, Konuralp Özkan, Osman Uçar, Serdar Altınbaş, Zuhal Topaloğlu, Hakan Avdan and Eren Yeşilyurt.
Along with the names on the list, a two-year trading ban was also imposed on Alnus Yatırım Menkul Değerler. For Alnus Yatırım, the decision was limited to transactions made in IEYHO shares in its own name and account.
The periods spent by Nusret Altınbaş, Mücahit Acaralp and Çetin Genç, who were previously subject to a temporary trading ban, within this scope will be deducted from the newly determined two-year ban.
LICENSES OF 21 PEOPLE REVOKED FOR THE DURATION OF THE BAN
The capital markets licenses held by 21 of the people who were subject to trading bans in two separate cases were also revoked for as long as the ban continues.
The names whose licenses were revoked in the Vişne Madencilik case were Erdem Özkan, Erkan Kilimci, Gül Ayşe Çolak, İbrahim Bekçi, Yasemin Yılmaz, Ali Rıza İncekara, Alper Öztürk, Mehmet Selim Tunçbilek, Ayşegül Kaya, Emir Münir Sarpyener, Okan Uzunoğlu and Ümit Yılmaz.
In the Işıklar Enerji case, the same sanction was decided for Seyit Tahir Özek, Metin Kartal Emür, Fadimenur Demir, Gülsüm Doğan, Canan Özdemir, Konuralp Özkan, Osman Uçar, Zuhal Topaloğlu and Hakan Avdan.
Meanwhile, the Board stipulated a 15-day period from the date of the decision for payment and submission of documents for those who wish to benefit from the effective remorse provisions within the scope of the criminal complaint decisions.
LIQUIDATION PROCESS BEGINS IN HEDEF PORTFÖY FUNDS
The CMB adopted a new decision regarding the investment funds founded by Hedef Portföy Yönetimi and whose liquidation was decided on September 17.
The funds were removed from the scope of the decision dated September 30 and numbered 64/1775, and it was decided to initiate liquidation proceedings. In the process, the principles set for A1 Capital Portföy, Bulls Portföy and Pardus Portföy funds will be applied.
APPROVAL FOR CAPITAL INCREASES OF TWO COMPANIES
In the bulletin, positive responses were also given to the capital increase applications of two companies.
Mercan Kimya was permitted to increase its existing capital of 190 million 370 thousand 946 TL by 380 million 741 thousand 892 TL, to be covered from internal resources, to 571 million 112 thousand 838 TL. Thus, the company's 200 percent bonus issue was approved.
Şekerbank's increase of its capital of 2.5 billion TL to 3.5 billion TL through a 40 percent rights issue was deemed appropriate.
BORROWING PERMIT FOR 7 COMPANIES
The CMB approved the bond and financing bill issuance ceilings of seven companies.
Accordingly, the issuance limits of the companies were determined as follows:
- Tüpraş: 20 billion TL
- Anadolu Efes: 15 billion TL
- Ereğli Tekstil Turizm: 4 billion TL
- Koç Finansman: 3 billion 550 million TL
- Hedef Araç Kiralama ve Servis: 3 billion TL
- Smart Güneş Enerjisi: 1 billion TL
- IC Enterra Yenilenebilir Enerji: 500 million US dollars
IC Enterra's issuance will be carried out abroad. The debt instruments of the other companies will be offered through private placement or to qualified investors within the framework of the approved conditions.
PERMISSION FOR ASSET-BACKED SECURITIES ISSUANCES
The Board also approved the issuance applications of three separate asset financing funds.
An asset-backed securities issuance ceiling of 6 billion TL for Misyon Yatırım Bankası Birinci Varlık Finansmanı Fonu, 5 billion TL for TMKŞ Albaraka Türk Birinci Katılım Varlık Finansmanı Fonu, and 700 million TL for Aktif Yatırım Bankası Bir No'lu Varlık Finansmanı Fonu was determined.
In addition, approval was given to Katılım Varlık Kiralama's issuance of 750 million TL in lease certificates, with Anadolu Finansal Kiralama to be the fund user.
APPROVAL FOR NEW INVESTMENT FUNDS
Akasya Portföy Yönetimi's requests to establish Debt Instruments, Variable, Equity, Money Market and Free umbrella funds were accepted.
The participation unit issuance documents of Büyükdemir Portföy Hisse Senedi Fonu, Inveo Portföy Yönetimi Üçüncü Girişim Sermayesi Yatırım Fonu and Neo Portföy Yönetimi Onyedinci Gayrimenkul Yatırım Fonu were also approved.
FINTABLES PORTFÖY'S APPLICATION REMOVED FROM PROCESSING
Fintables Portföy Yönetimi's application for an operating license and portfolio management authorization certificate was removed from processing in line with the company's own request. The company was also permitted to make an amendment to its articles of association that would exclude collective portfolio management activity from its scope.
The Board also deemed it appropriate for İncir Portföy Yönetimi to use the business name "İncir Portföy", while adding Eksen Gayrimenkul Değerleme ve Danışmanlık to the list of institutions authorized to perform machinery and equipment valuation.