EL7.AI
GeneralMedium•2 November 2026•
3 min read

Takasbank Chief Resigns Amid Probe Into 131 Investment Funds in Turkey

Key Facts

1The 131 funds covered by the liquidation represented 7.7% of total portfolio value as of 17 September 2026.
2Payment procedures had been completed for 43,643 investors in 17 funds as of 8 October 2026.
3Turkey’s Capital Markets Board filed 7 written complaints concerning 69 people.
4The board decided to limit the proposed rules to funds covered by liquidation decisions issued on 17 September 2026, whose liquidation had not been completed when the law takes effect.

Sources who spoke to Bloomberg reported that Yunus Erenci, general manager of Takasbank, had resigned amid an investigation into Turkish capital-market transactions, as reported by Sözcü. Takasbank neither confirmed nor denied the report. What is confirmed is that Erenci was summoned to give a statement as part of the investigation, after which prosecutors referred him to the duty criminal magistrate, according to CNBC-e, citing Anadolu Agency. The court imposed judicial supervision measures, including a travel ban and periodic sign-ins. He was released under those conditions, which does not establish wrongdoing or amount to a conviction.

The investigation concerns investment funds in which Turkey’s Capital Markets Board identified price movements in the final quarter of 2025 that were not explained by company fundamentals. The board said the movements appeared in thinly traded stocks, through hedge funds and money-market funds managed by some portfolio-management companies. It said the price movements could not be explained by economic conditions or companies’ underlying financial indicators. In an analysis of the draft law’s impact, Ekonomim reported that liquidation decisions covered 131 funds as of 17 September 2026. Those funds represented 4.6% of the total number of funds and 7.7% of total portfolio value, according to published data.

The proposed rules define their scope as funds that the Capital Markets Board decided to liquidate on 17 September 2026, provided liquidation had not been completed when the law takes effect. This scope limits the arrangements to funds covered by those decisions, rather than all investment funds in the country. On prosecutions, the board said it had filed 7 written complaints with the Istanbul Public Prosecutor’s Office concerning 69 people, according to the impact analysis published by Ekonomim. The complaints place the investigation in a broader context than the judicial measures imposed on Erenci. The board’s official website lists Muhsin Atıcı as its chairman, without linking his appointment to the investigation or the resignation report.

According to information provided by Ziraat Bank, payment procedures had been completed for 43,643 investors in 17 funds as of 8 October 2026. This indicates that payments have begun in a number of the covered funds, while others remained within the liquidation scope set out in the proposed rules. The figure does not specify how many investors are still awaiting payment, nor does it establish that all investors incurred losses. The development follows the liquidation decisions, as judicial and regulatory proceedings related to the case continue. Turkey’s October inflation data are due on 3 November 2026; the previous reading on the Trading Economics calendar is 29.73%, with a forecast of 30.0%.