Erdogan Targets Fund Crisis, Adds Izmir Mayor

Turkish President Recep Tayyip Erdoğan pledged to hold accountable those responsible for violating investors' rights during the investment fund crisis, confirming that authorities are taking legal and economic measures to address the repercussions and protect the rights of stakeholders. He also announced that İzmir Mayor, Jamil Tüğay, has joined the Justice and Development Party, expressing his support for his service to the city and its residents. Erdoğan clarified that the crisis involves legal and economic dimensions, and that relevant authorities are monitoring investigations to clear uncertainties in the financial markets, while strengthening measures to protect investors and restore confidence. He also addressed criticisms from the opposition and “disaster merchants” who contribute to unfounded criticisms. He pointed out that economic indicators show signs of recovery, noting that exports increased by 15.4% in September, inflation decreased to 29.7%, and the unemployment rate dropped to 7.2%.

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