Turkish regulators reportedly order liquidation of 131 funds amid Ponzi-like scheme allegations
A post says the freeze and liquidation order covered investment funds worth ₺890 billion—roughly $18.3 billion—and affected around 350,000 investors.
TLDR
A September 19, 2026 post says Turkey’s stock market fell more than 8% that week after a local fund manager said it could not meet customer withdrawal requests. It says regulators froze and ordered the liquidation of 131 investment funds worth roughly $18.3 billion, affecting around 350,000 investors.
The post says several large asset managers face accusations of buying illiquid shares in related companies to artificially inflate fund values and attract retail money, in what officials called a “Ponzi like scheme.” It also says İşbank and state-owned Ziraat Bank were ordered to handle the liquidation, which could take up to three months or longer if regulators extend it.
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