07.03.2025 21:21
The extraordinary price fluctuations recently experienced on Borsa Istanbul have led to the detention of 17 suspects as part of an investigation initiated following the sudden and unexplained sharp declines in the stock market. Two of the suspects were released the same day under judicial control conditions. Among the 15 suspects brought to court today, 12 were arrested, while judicial control measures were imposed on 3 individuals.
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As part of the investigation conducted by the Istanbul Chief Public Prosecutor's Office, it has been determined that there has been extraordinary price volatility in the Borsa Istanbul (BIST) stock market recently, caused by manipulative actions in the capital market instruments' shares, leading to sudden declines in the BIST market.
"ACTIONS THAT WILL DISTURB THE TRUST, TRANSPARENCY, AND STABILITY OF THE STOCK MARKETS"
It was noted that this volatility falls within the framework of actions that would disrupt the trust, transparency, and stability of the stock markets, which cannot be explained by a reasonable economic or financial justification.
17 PEOPLE DETAINED
As part of the investigation, 17 suspects were detained in an operation organized against individuals identified as having engaged in manipulative actions in capital market instruments, coordinated by the Istanbul Police Department's Financial Crimes Investigation Unit.
12 SUSPECTS ARRESTED
Of the suspects detained, 2 were released on the same day due to health reasons under judicial control. The remaining 15 suspects, whose procedures at the police station are ongoing, were sent to the courthouse today. After their statements were taken at the prosecutor's office, 12 of the suspects sent to the courthouse were arrested, while judicial control measures were imposed on 3 suspects.
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