Turkey’s Capital Markets Board says 455,758 individual investors hold stakes in more than 100 funds worth about $18 billion that authorities ordered liquidated last week amid a stock-market selloff. Some funds had struggled to meet withdrawals.
Authorities also took steps to support financial stability, including measures to boost lira liquidity and ease some capital and margin requirements.
Separately, prosecutors widened an investigation launched last week after the regulator filed criminal complaints over transactions in shares of Katilimevim, Gundogdu Gida and Destek Finans. Turkish media reported that five people detained in recent days appeared in court Wednesday and were jailed pending trial. The Justice Ministry said individuals faced charges including violating Turkey’s capital markets law, membership in a criminal organisation and aggravated fraud by company executives or others acting for a company.
