Precautionary measures taken in fund robbery investigation mobilize markets
The asset freeze decision taken by the Istanbul Chief Public Prosecutor's Office for giant companies within the scope of the fund investigation was lifted with the intervention of the economic administration.
The asset freeze decision taken regarding giant companies and funds in the fund robbery investigation conducted by the Istanbul Chief Public Prosecutor's Office caused mobility in the markets. While the decisions were lifted with Ankara's intervention, Treasury and Finance Minister Mehmet Şimşek made a statement to calm the market.
Precautionary Decisions within the Scope of the Investigation
The Istanbul Chief Public Prosecutor's Office applied asset freezes on 46 companies, 19 funds, and 42 natural persons over the weekend within the scope of the fund robbery investigation.
Panic Experienced in the Economic Administration
The inclusion of giant companies such as Türkiye Sigorta, Türkiye Menkul Kıymetleştirme Şirketi, and İçtaş İnşaat, as well as funds assumed to be solid, within the scope of the freeze caused panic in the economic administration.
Lifting of Measures and the CMB Step
Upon the possibility of the markets being shaken, the Capital Markets Board wrote a letter to the prosecutor's office requesting the removal of the measures concerning the companies and funds, and the prosecutor's office lifted the decisions on Sunday evening.
Statements by Minister Mehmet Şimşek
Following the chaos experienced, Treasury and Finance Minister Mehmet Şimşek shared a message on social media stating that protecting the capacity of the real sector is their priority.
Downward Trend in the Stock Market
Following the developments, the Istanbul stock market experienced a decline and lost more than 2 percent of its value, falling to 12,615 points at the time the news was prepared.