13.11.2026 16:20
In the fund investigation, attention turned to Erişah Arıcan, Chair of the Board of Directors of Borsa Istanbul and Deputy Chair of the Board of Directors of the Turkey Wealth Fund, after the resignation of Banking Regulation and Supervision Agency (BDDK) President Şahap Kavcıoğlu. It was alleged that after senior figures were arrested within the scope of the investigation, Arıcan was also asked to resign, but she resisted leaving her post.
In the fund investigation that has caused wide repercussions in the financial world, developments are taking place regarding senior executives. After the resignation of BDDK Chairman Şahap Kavcıoğlu, eyes turned to Erişah Arıcan, Chairman of the Board of Directors of Borsa İstanbul and Deputy Chairman of the Board of Directors of the Turkey Wealth Fund. The fact that Kavcıoğlu's resignation came after the arrest of his deputy Muhammed Erişen and two department heads drew attention. While it is assessed that the resignation may be linked to the ongoing investigation, it has been claimed that Kavcıoğlu may be called to testify as a suspect.
ERIŞAH ARICAN RESISTS
Another name that became the focus of discussions within the scope of the investigation was Erişah Arıcan. It was alleged that Arıcan was among the names whose resignation President Recep Tayyip Erdoğan was said to have requested. According to what is being discussed in Ankara corridors, Arıcan does not want to leave her post. It is stated that Arıcan, who is trying to explain herself against the assessments about her, is resisting in order not to resign. It is also among the possibilities mentioned in the corridors that Arıcan may be dismissed in the coming days.
SENIOR FIGURES AT THE INSTITUTIONS SHE MANAGES ARE DETAINED
At the center of the debates regarding Erişah Arıcan are developments in institutions under the umbrella of the Turkey Wealth Fund. Within the scope of the investigation, the arrest of the general managers of Borsa İstanbul, Takasbank and Türkiye Sigorta drew attention. The fact that these institutions are within the body of the Turkey Wealth Fund brought along debates regarding the position of Arıcan, Deputy Chairman of the Fund's Board of Directors.
VARANK'S POST DREW ATTENTION
After Kavcıoğlu left his post, the statement made by AK Party Bursa Deputy Mustafa Varank drew attention. It was commented that Varank's post without naming names was directed at Kavcıoğlu and Arıcan. Varank used the following statements in his post: "Do you know what people are still surprised at? That those with responsibility think they can get rid of responsibility by using opposition figures like İsmail Saymaz and Gülay Kömürcü like a music box... They think that Turkey is governed by looking at social media and newspaper columns."
ŞAMİL TAYYAR: THE OTHER NAME WILL ALSO SOON ASK TO BE RELIEVED
Former AK Party Deputy Şamil Tayyar, in his statement after Kavcıoğlu's resignation, claimed that the decision was taken upon President Erdoğan's instruction. Reminding that he had previously said two critical names would leave their posts, Tayyar stated that he expects the second name to leave his post soon as well.
In his statement, Tayyar said: "BDDK Chairman Şahap Kavcıoğlu asked to be relieved of his duty. We know that the 'relief' request came onto the agenda upon our President's instruction. This was what should have happened for the welfare of the investigation. If you remember, I spoke of two 'critical' names to be taken, a short while ago. One was Kavcıoğlu, it happened. I hope the other name will also ask to be relieved soon. We have stated repeatedly, our President is deepening the scalpel."
KAVCIOĞLU MAY BE CALLED TO TESTIFY
On the other hand, allegations about Şahap Kavcıoğlu continue. In AK Party corridors, it was claimed that the file regarding Kavcıoğlu was presented to President Erdoğan about two weeks ago. It is alleged that BDDK Deputy Chairman Muhammed Erişen and two department heads, who were arrested within the scope of the investigation, may have been asked questions on matters concerning Kavcıoğlu. While the possibility of Kavcıoğlu being called to testify as a suspect is being considered, whether a detention or arrest decision will be issued about him is also among the topics discussed in the corridors.