23.02.2025 19:00
The Istanbul Chief Public Prosecutor's Office has launched an investigation into individuals who spread misleading news regarding the extraordinary price movements on Borsa Istanbul (BIST).
An investigation has been launched against individuals who spread misleading news regarding the extraordinary price movements in Borsa İstanbul (BIST).
The Istanbul Chief Public Prosecutor's Office has initiated an investigation concerning the news related to Borsa İstanbul (BIST). In a statement from the Chief Public Prosecutor's Office, it was noted that the investigation is about individuals who spread misleading news regarding the extraordinary price movements in BIST.
"THE INVESTIGATION IS CONTINUING"
In a statement made by the Chief Public Prosecutor's Office, it was stated, "Upon reports of extraordinary price movements occurring in BIST, which serves as a building block of our country's financial system and aims to contribute to commercial operations, increase economic efficiency, protect investors, and provide a continuous, transparent, liquid, and secure marketplace; an ex officio investigation has been initiated by our Chief Public Prosecutor's Office against those who make and disseminate intentional and misleading news that cause unusual price and quantity movements, in accordance with Article 160 of the Code of Criminal Procedure No. 5271, and the investigation is ongoing with the examination/reporting processes to be conducted by our Capital Markets Board."
WHAT HAPPENED?
On February 21, the BIST 100 index closed the day down by 2.09%, finishing at 9,602.16 points. The banking index lost 1.74%, while the holding index decreased by 1.18%. Following this development, the Capital Markets Board (CMB) announced that an investigation had been initiated regarding the extraordinary price movements in the BIST stock market.
In a written statement made by the CMB, it was stated, "An investigation has been initiated regarding the extraordinary price movements in the BIST stock market. All transactions of institutions have been put under scrutiny by our Board and Borsa İstanbul A.Ş."
If actions and transactions that disrupt the trust, transparency, and stability of the capital market are detected, criminal and/or administrative sanctions will be applied by our Board against those responsible, in accordance with the provisions of the Capital Markets Law.
Additionally, necessary legal actions/investigations against those who make and disseminate intentional and misleading news that cause unusual price and quantity movements have been immediately initiated by our Board," it was stated.