13.11.2026 12:12
After the resignation of Şahap Kavcıoğlu, President of the Banking Regulation and Supervision Agency (BDDK), attention turned to Erişah Arıcan, Chairperson of the Board of Directors of Borsa Istanbul. It was alleged that President Erdoğan also requested Arıcan’s resignation, and posts by Mustafa Varank and Şamil Tayyar supported these claims.
After Şahap Kavcıoğlu, President of the Banking Regulation and Supervision Agency (BDDK), whose resignation was demanded following allegations raised against him within the scope of the fund investigation, announced that he had left his post, attention turned to Erişah Arıcan, Chair of the Board of Directors of Borsa İstanbul. It was claimed that President Erdoğan also demanded Arıcan's resignation.
THE TIMING IS SIGNIFICANT
BDDK President Şahap Kavcıoğlu announced that he resigned from his post following allegations raised against him regarding the fund investigation. Kavcıoğlu's decision to leave came after the arrest of his deputy Muhammed Erişen and two department heads.
IS IT ERİŞAH ARICAN'S TURN?
Following Kavcıoğlu's resignation, it was asserted that Kavcıoğlu was not the only person President Erdoğan wanted to leave his post. According to the claim, Erdoğan also requested the resignation of Erişah Arıcan, Chair of the Board of Directors of Borsa İstanbul. It was further alleged that Arıcan resisted leaving her post and tried to explain herself. Claims also included that Arıcan could be removed from her post in the coming days.
VARANK'S POST DREW ATTENTION
Following Kavcıoğlu's departure from his post, the statement made by AK Party Bursa MP Mustafa Varank drew attention. It was commented that Varank's post, made without naming names, was aimed at Kavcıoğlu and Arıcan. Varank used the following expressions in his post: "Do you know what people are still amazed by? That those with responsibility think they can escape responsibility by using opposition figures such as İsmail Saymaz and Gülay Kömürcü like a music box... They think Turkey is being governed by looking at social media and newspaper columns."
ŞAMİL TAYYAR: THE OTHER NAME WILL ALSO SOON ASK TO RESIGN
Former AK Party MP Şamil Tayyar also claimed in his statement after Kavcıoğlu's resignation that the decision was made on President Erdoğan's instruction. Reminding that he had previously said two critical figures would leave their posts, Tayyar stated that he expected the second name to leave their post soon as well.
Tayyar used the following expressions in his statement: "BDDK President Şahap Kavcıoğlu requested to resign from his post. We know that the request for 'resignation' came onto the agenda upon our President's instruction. This was what should have happened for the sake of the investigation. If you remember, I spoke of two 'critical' names to be removed a short while ago. One was Kavcıoğlu, and it happened. I hope the other name will also request to resign soon. We have stated repeatedly that our President is cutting deeper with the scalpel."