11.11.2026 16:50
In the fund investigation that shook Turkey, the financial transactions of Ali Paslı, founding partner of Adil Katılım Bankası, who was arrested, were scrutinized. According to the prosecutor's referral letter, the bank earned approximately 2 billion 430 million lira in profit in about 3 months from a 1 billion 844 million lira fund investment. It was stated that Paslı earned as much as Fatma Betül Sayan Kaya, and this high profit he obtained was deemed extraordinary by the prosecutor's office.
Details have emerged of the referral-for-arrest letter prepared about Ali Paslı, one of the founding partners of Adil Katılım Bankası, in the fund investigation conducted by the Istanbul Chief Public Prosecutor's Office. In the investigation, in which Fatma Betül Sayan Kaya also earned 2.2 billion, the bank, among whose partners Paslı was, attracted attention with the billions of liras in fund profits it obtained in a short time.
1.8 BILLION LIRA WAS DEPOSITED, 2.4 BILLION LIRA IN PROFIT WAS OBTAINED
According to the Prosecutor's Office's referral letter, Adil Katılım Bankası deposited 1 billion 844 million liras from its establishment capital into TERA's TLY-coded investment fund on 31 July 2025. While the said funds were sold on 23 October 2025, it was stated that approximately 2 billion 430 million liras in profit was obtained as a result of the transactions.
Thus, in a period of approximately 84 days, earnings higher than the amount initially deposited were obtained. However, in the information conveyed regarding the referral letter, there is no detail as to whether this gain was recorded in Ali Paslı's personal account or in the bank's accounts.
PROSECUTOR'S OFFICE: CONTRARY TO THE ORDINARY COURSE OF LIFE
The Prosecutor's Office found it extraordinary that the bank, with 3 billion liras in establishment capital, directed 1 billion 844 million liras to a single investment fund. It was assessed that investing more than half of the bank's capital in a fund with no past performance was inexplicable in terms of risk concentration and liquidity management.
It was also stated that the profit of 2 billion 430 million liras obtained in approximately 3 months was incompatible with market conditions, and attention was drawn to the transactions being contrary to the ordinary course of life.
MONEY TRAFFIC THAT DREW ATTENTION IN THE MASAK REPORT
In the MASAK report dated 6 November 2026, which entered the file, findings were included regarding the source of the money the bank deposited in TERA funds. According to the report, it was stated that the source in question was provided through loans extended by TERA Yatırım Bankası AŞ to companies linked to Ali Emre Ballı, Chairman of the Board of Adil Katılım Bankası.
Ballı had been found dead in his vehicle in Istanbul's Çekmeköy on 6 October 2026. The loans stated to have been extended to companies linked to Ballı were also among the financial transactions examined within the scope of the investigation.
THE BANK HAD PURCHASED FUNDS BEFORE IT EVEN OBTAINED AN OPERATING LICENSE
Adil Katılım Bankası received an establishment license with 3 billion liras in capital through BDDK's decision dated 23 May 2024. The bank's founding partners included Ali Emre Ballı, Murat Yönaç, Özberk Çetinkaya, Ali Paslı and Fahri Akcan.
The bank was granted an operating license on 11 September 2025. Another striking detail was that the purchase of 1 billion 844 million liras in funds examined by the Prosecutor's Office was carried out on 31 July 2025, before the bank's operating license.
THE BANK'S GENERAL MANAGER WAS ALSO ARRESTED
Within the scope of the investigation, Adil Katılım Bankası General Manager and founding partner Murat Yönaç was arrested on 9 November. Along with Yönaç, an arrest decision was also issued for BDDK Vice President Muhammet Erişen.
On 11 November, in addition to Ali Paslı, former Chairman of the State Supervisory Board and former Takasbank General Manager Yunus Arıncı, as well as OMG Capital Advisors Chairman of the Board Ömer Murat Gülkan, were also arrested.