Ex-central bank official held over Ponzi scheme

Irkhan Kilimci, the former Deputy Governor of the Central Bank of Turkey, has been arrested as part of an extensive investigation into a Ponzi scheme. Kilimci served as Deputy Governor from 2016 to 2018 and resigned from his position a week ago after holding the role for three months. He described his involvement in the investigation as "bad luck." The investigation includes the detention of around 45 individuals, including the CEO of Tera Holding Company, amidst a severe market crisis and damages to half a million investors. The authorities have also frozen the assets of officials connected to the case, amidst deteriorating Turkish markets and increasing financial tensions.

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