11.11.2026 15:01
After allegations regarding the fund investigation, AK Party member Savcı Sayan reacted harshly to Banking Regulation and Supervision Agency (BDDK) Chairman Şahap Kavcıoğlu, who announced that he had asked President Erdoğan to relieve him of his duties. Sayan said, "Mr. Şahap Kavcıoğlu says, 'I resigned.' No, this is not a resignation; it is a dismissal," and added, "This is not a resignation; it is the beginning of an accountability process. Wait for the big earthquake." Sayan argued that the process would continue and stated that his questions directed at bureaucrats and politicians would continue.
After Şahap Kavcıoğlu, President of the Banking Regulation and Supervision Agency (BDDK), announced his request to leave office, the debates regarding the fund investigation gained a new dimension. AK Party's Savcı Sayan, who had previously directed questions to Kavcıoğlu about transactions worth 20 billion and 35 billion lira, this time made a striking assessment regarding the behind-the-scenes of the resignation. Sayan, opposing Kavcıoğlu's statement that he left voluntarily, claimed that this was a dismissal.
"THIS IS NOT A RESIGNATION, IT IS A DISMISSAL"
In his new statement, Savcı Sayan directly objected to the manner in which Kavcıoğlu left his post. Arguing that Kavcıoğlu's resignation statement did not reflect the truth, Sayan said:
"Mr. Şahap Kavcıoğlu says, 'I resigned.' No, this is not a resignation; it is a dismissal."
These words from Sayan came after Kavcıoğlu announced that he had asked President Erdoğan to relieve him of his duties.
"WAIT FOR THE BIG EARTHQUAKE"
Evaluating Kavcıoğlu's departure from office as the beginning of a broader process, Sayan used harsh expressions in his statement:
"THIS IS NOT A RESIGNATION, IT IS THE BEGINNING OF AN ACCOUNTABILITY PROCESS. WAIT FOR THE BIG EARTHQUAKE.."
In the continuation of his statement, Sayan said, "I believe there will be more to follow," suggesting that other developments could occur. Thanking President Erdoğan, Sayan said, "Let those who reach for the people's and the state's money, and those who use their positions for personal interests, know that our esteemed President will not forgive."
"WE DID NOT STAY SILENT, AND WE WILL NOT"
Stating that he would continue to direct questions regarding the fund investigation, Savcı Sayan also addressed bureaucrats and politicians in his statement; "We did not stay silent, and we will not. Our questions to bureaucrats and politicians who use their seats as a shield for treason, corruption, and interest networks will continue."
Sayan also stated that they stood by President Erdoğan and said, "We are with our esteemed President to the end. We will not allow our esteemed President to be sacrificed to coup plotters, traitors, or domestic and foreign forces engaging in political engineering."
HE HAD ASKED KAVCIOĞLU ABOUT THE 20 BILLION AND 35 BILLION LIRA
Savcı Sayan had previously directed a series of questions to Şahap Kavcıoğlu within the scope of the fund investigation. Raising the allegation that Kavcıoğlu called Emre Tezmen by phone shortly before the fund crisis broke out, Sayan asked, "Did you call Emre Tezmen a few days before the fund crisis erupted and say, 'Brother Emre, come, let's have a coffee together'?"
The allegations Sayan raised also included financial transactions worth billions of lira. In his statement directed at Kavcıoğlu, he asked the following questions:
"It is said that you tried to save Pusula and Katılımevim at the expense of bankrupting Tera; is this claim true? In return for 20 billion, did you say, 'On Monday, I will give you a 35 billion TL loan from Takasbank'? Is it true that you used the 20 billion TL that Emre Tezmen is alleged to have transferred to save the shares of senior bureaucrats and politicians close to you?"
The accuracy of these claims raised in Sayan's questions has not been established.
KAVCIOĞLU HAD DENIED THE ALLEGATIONS
Şahap Kavcıoğlu responded to the allegations about him through journalist İsmail Saymaz and argued that the BDDK had no connection with fund transactions. In his statement, Kavcıoğlu said: "The BDDK is one of Turkey's most distinguished institutions. It has nothing remotely to do with the fund business. All banks have portfolio companies. It is not ethical to accuse us because İktisat Katılım has a portfolio company. You can criticize the bank license, but establishing a connection with the fund is something else. Neither I, my family, nor anyone I am associated with has money in the fund or the stock market. Not now, and not for 20-30 years."
The BDDK also issued a written statement, arguing that the allegations about the institution and its president were completely unfounded, and announced that legal proceedings would be initiated against those targeting the reputation of the institution and Kavcıoğlu.
KAVCIOĞLU ANNOUNCED HE ASKED ERDOĞAN TO RELIEVE HIM OF HIS DUTIES
Following the debates surrounding the fund investigation, Şahap Kavcıoğlu announced in a written statement that he had asked President Recep Tayyip Erdoğan to relieve him of his duties. Kavcıoğlu's statement was as follows:
"Following the allegations of recent days regarding the Banking Regulation and Supervision Agency and myself, I asked our esteemed President Recep Tayyip Erdoğan to relieve me of my duties so that our institution would not be further worn down.
I offer my deepest gratitude to our esteemed President, who has entrusted us with these duties until now. Respectfully announced to the public."