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Turkey’s stock market reportedly loses ₺1.6 trillion in 12 days

A September 21, 2026 post says authorities froze assets belonging to executives at four investment firms and ordered 131 funds liquidated after failed investor redemptions sparked a sell-off.

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7 Sources, 9d ago, first seen 9d ago

TLDR

A September 21, 2026 post claims Turkey’s stock market lost ₺1.6 trillion over the preceding 12 days, with a 10% weekly decline described as the worst since March 2025. It attributes the broader sell-off to several fund managers being unable to repay investors the previous week. The post says 25 people face prosecution: 15 are in custody and 10 remain at large. It also says authorities froze assets belonging to executives at four investment firms and ordered 131 funds liquidated, extending the liquidation process from three months to six.

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7 Sources, first seen 9d ago

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Combined views

272.4K

7 Sources, first seen 9d ago

1.2K likes89 comments91 saves261 reposts

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7 Sources

@businessTurkey froze assets tied to executives at several investment firms, expanding an investigation into a fund-industry crisis that has already triggered redemption failures, arrests and a sharp selloff in stocks https://www.bloomberg.com/news/articles/2026-09-21/turkey-freezes-assets-of-fund-executives-in-redemption-crisis?taid=6ab0dcfdbdab480001610df6&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
@ReutersTurkey detains 15 over Katilimevim shares, freezes assets of investment firms https://reut.rs/46zMevU https://reut.rs/46zMevU
@BullTheoryio🚨 ₺1.6 TRILLION wiped out from Turkey's stock market in last 12 days, as authorities start arrests and fund freezes to control the market crisis. 25 people now face prosecution, 15 are already in custody, and 10 suspects are still on the run. The frozen assets belong to executives at four investment firms. It started when several fund managers couldn't pay investors back last week, and the failed redemptions turned into a broader sell off. Turkey's stock market fell 10% in a single week alone, the worst weekly crash since March 2025. To contain the damage, regulators have now ordered 131 funds to be liquidated, and extended the process from 3 months to 6.
@AlMonitorTurkey’s $18B Ponzi-like scandal likened to Madoff as arrests mount Turkey detained 14 more people Tuesday as authorities widened a probe into one of the country's largest investment-fund scandals. https://www.al-monitor.com/originals/2026/09/turkeys-18b-ponzi-scandal-likened-madoff-arrests-mount
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    7 Sources

    @businessTurkey froze assets tied to executives at several investment firms, expanding an investigation into a fund-industry crisis that has already triggered redemption failures, arrests and a sharp selloff in stocks https://www.bloomberg.com/news/articles/2026-09-21/turkey-freezes-assets-of-fund-executives-in-redemption-crisis?taid=6ab0dcfdbdab480001610df6&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
    @ReutersTurkey detains 15 over Katilimevim shares, freezes assets of investment firms https://reut.rs/46zMevU https://reut.rs/46zMevU
    @BullTheoryio🚨 ₺1.6 TRILLION wiped out from Turkey's stock market in last 12 days, as authorities start arrests and fund freezes to control the market crisis. 25 people now face prosecution, 15 are already in custody, and 10 suspects are still on the run. The frozen assets belong to executives at four investment firms. It started when several fund managers couldn't pay investors back last week, and the failed redemptions turned into a broader sell off. Turkey's stock market fell 10% in a single week alone, the worst weekly crash since March 2025. To contain the damage, regulators have now ordered 131 funds to be liquidated, and extended the process from 3 months to 6.
    @AlMonitorTurkey’s $18B Ponzi-like scandal likened to Madoff as arrests mount Turkey detained 14 more people Tuesday as authorities widened a probe into one of the country's largest investment-fund scandals. https://www.al-monitor.com/originals/2026/09/turkeys-18b-ponzi-scandal-likened-madoff-arrests-mount
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