
Investment Gurus
Politicians are always the worst in terms of greed.
A short summary.
June 2026 MSCI raised the alarm. This irregularities were known and voiced by opposition parties and also a couple politicians from the rulling party (AKP) the regulators should take action however until MSCI warning regulators choose to play three monkeys.
August 2026 the scales tipped since government was afraid of losing Turkey’s “emerging market” status. Regulators push the buttons.
September 16-19 The crisis erupts
People start getting out and influential people start taking out their money.
September 19-23 market panic and investigations begin.
BIST dropped and the crises start to get out of hand due to loss of investor confidence.
Rulling party and regulators were saying everything okay.
Zeynel Emre (main opposition party) announced the allegations on Saturday, 26 September 2026, during YENİ Parti's Bahçelievler 1st District Congress in Istanbul. The shares involved were those of Özata Denizcilik (OZATD).
The politician you see in the picture invested $1.29 million and her husband invested $2.04 million in a single stock. They get out before the crisis Fatma Kaya earned $27.44 million and her husband earned $16.86 million in total $44,30 million! The sale of stocks were not market orders which could have caused a significant drop in the price of that stock instead they made a deal with the fund that defaulted to buy all their shares with the market price. That is plain fraud!
Edit : added short summary.
Edit 2: corrected the figures and added total.