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Turkey arrests ex-minister as part of a widening fund manipulation scandal

News

Turkey arrests ex-minister as part of a widening fund manipulation scandal
News

News

Turkey arrests ex-minister as part of a widening fund manipulation scandal

2026-11-06 16:24 Last Updated At:16:30

ANKARA, Turkey (AP) — Authorities in Turkey have arrested a former minister and deputy chair of President Recep Tayyip Erdogan ’s ruling party over her alleged involvement in a share-price manipulation scandal involving several investment funds.

Fatma Betul Sayan Kaya resigned as the deputy chair of the ruling Justice and Development Party in September, shortly after allegations emerged that she had sold shares worth tens of millions of dollars just before regulators decided to liquidate the investment funds over alleged manipulation.

Kaya, who served as family and social affairs minister from 2016 to 2018, was taken into custody late on Thursday pending a possible trial on charges of membership in a criminal organization and violating Turkey’s Capital Markets Law, the state-run Anadolu Agency reported.

Her husband was released on condition that he regularly report to police, following a second round of questioning for the couple.

Turkey’s main opposition party has accused Kaya of receiving 2.17 billion liras ($43 million) after reportedly investing 163 million liras ($3 million) in one of the funds.

The couple have denied any wrongdoing but have transferred some of the profits to an account designated by the banking regulators, according to media reports.

More than 430 people are under investigation over suspected market manipulation and insider trading, including 112 who have been arrested as part of the scandal, Justice Minister Akin Gurlek said this week.

FILE -Fatma Betul Sayan Kaya, Turkey's Minister of Family Affairs, who was escorted back to the German border after a long standoff outside the Turkish consulate in Rotterdam, speaks to the media at Ataturk Airport after her return to Turkey, in Istanbul, March 12, 2017. (AP Photo, File)

FILE -Fatma Betul Sayan Kaya, Turkey's Minister of Family Affairs, who was escorted back to the German border after a long standoff outside the Turkish consulate in Rotterdam, speaks to the media at Ataturk Airport after her return to Turkey, in Istanbul, March 12, 2017. (AP Photo, File)

COPENHAGEN, Denmark (AP) — Police in Denmark and the Czech Republic investigated threats to air traffic on Friday, while a Romanian plane received a bomb threat following a string of hoaxes that have targeted flights and disrupted travel across Europe this week.

A flight from Prague to Bucharest operated by Romanian carrier Tarom received a bomb threat. The plane landed at its intended destination, and airport administration officials said the bomb threat proved to be false.

In the Danish capital, Copenhagen, police said Friday they were present at the airport for a second consecutive day “in connection with threats directed at air traffic.” They said their immediate assessment was that there had been no danger to passengers or to others at the airport. It added that air traffic was proceeding safely and without disruption.

Czech police also said they were again dealing with threats against planes on Friday. They said necessary security measures have been taken in cooperation with Prague’s Vaclav Havel Airport that have “a minimal impact on the normal operations at the airport.”

Meanwhile in Ireland, the Dublin headquarters of national broadcaster RTE was evacuated Friday after a bomb threat, and live broadcasts were replaced with pre-recorded programs.

Ireland’s police force, An Garda Síochána, said it was ”aware of a threat made against media organisations here and in Europe.” It said that it has been liaising with Irish media organizations and the threat will be investigated.

More than two dozen flights were affected by threats earlier in the week, with some diverted as authorities scrambled to rule out any danger.

Europe has experienced a slew of other disruptions recently, such as attacks on supermarket refrigeration systems, drone incursions and mysterious triggers to alert apps.

Fake bomb threats are relatively common but it is unusual to see so many in such a short period. They come at a time of increased geopolitical tensions and warnings from authorities that Russia may be ramping up so-called hybrid threats in Europe.

Police patrol the Copenhagen Airport, Denmark, Friday, Nov. 6, 2026. (Liselotte Sabroe/Ritzau Scanpix via AP)

Police patrol the Copenhagen Airport, Denmark, Friday, Nov. 6, 2026. (Liselotte Sabroe/Ritzau Scanpix via AP)

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