Turkish authorities arrest ex-minister Fatma Betul Sayan Kaya in share-price scandal
Associated Press ·
Authorities in Turkey have arrested a former minister and deputy chair of President Erdogan’s ruling party. Fatma Betul Sayan Kaya faces charges related to a share-price manipulation scandal involving several investment funds. She resigned in September after allegations surfaced that she sold shares worth millions before regulators liquidated the funds. Kaya, who served as family and social affairs minister, was taken into custody Thursday. Her husband has been released but must report to police. Turkey’s main opposition party accuses Kaya of receiving $43 million from a $3 million investment. The couple deny wrongdoing but have transferred some profits to a designated account.
Turkey arrests ex-minister as part of a widening fund manipulation scandal
ANKARA, Turkey (AP) — Authorities in Turkey have arrested a former minister and deputy chair of President Recep Tayyip Erdogan ’s ruling party over her alleged involvement in a share-price manipulation scandal involving several investment funds.
Fatma Betul Sayan Kaya resigned as the deputy chair of the ruling Justice and Development Party in September, shortly after allegations emerged that she had sold shares worth tens of millions of dollars just before regulators decided to liquidate the investment funds over alleged manipulation.
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