Turkey detains 26 over fund scandal

Turkish authorities have detained 26 individuals, including a former official at the Ministry of Finance and members of investment funds, as part of investigations into a multi-billion dollar financial scandal that has affected over 455,000 investors. The case involves manipulative practices that led to significant losses in the Turkish stock market, and police continue to search for five more people, including the owner of the Altinbash Holding group. Finance Minister Mehmet Şimşek called on those who profited more than $202,000 to voluntarily return the funds, warning of legal action against those who refuse. The fallout has put pressure on the government and caused increased turbulence on the Istanbul stock exchange, as investigations continue and officials are being detained. Efforts are ongoing to mitigate the impact of the scandal on the Turkish market and economy.

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