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Fifteen of the 22 suspects held in a fund investigation into transactions on capital markets were jailed after being referred yesterday to the Çağlayan courthouse in Istanbul. Seven of the remaining suspects were placed under judicial control.

The investigation, run by the Istanbul Chief Public Prosecutor's Office, covers transactions on capital markets and was opened after reports from Turkey's Capital Markets Board (SPK) and written applications. A fugitive owner of Altinbas Holding was also detained, and one more suspect was sent to court today.

Court decisions at Çağlayan courthouse

The 22 suspects were brought to the Çağlayan courthouse in Istanbul yesterday and their processing was completed. After giving statements at the prosecutor's office, they were sent to a criminal peace judge.

Fifteen of them were jailed: İnan Altınbaş, an official of Altınbaş Holding, along with Taha Çakmak, Rüstem Karakaya, Burak Poyraz, Ömer Eryılmaz, Osman Saraç, Neda Soydan, Mustafa Zeki Kayahan, Anıl Tokat, Ali Cesur, Furkan Açar, Mehmet Ali Gedik, Fatih Uğur, Ömer Ejder and Hakan Eryılmaz.

Judicial control for seven, arrests continue

Judicial control measures were ordered for Selay Turhan İnce, Ebru Avcı, Canan Özdemir, Abdullah Dal, Seda Tarım Kocabalkan, Feyza Gözde Özdemir and Erhan Tunç.

Suspect Ertan Aydın, who was in custody, was sent to the courthouse today. Nusret Altınbaş, the fugitive owner of Altınbaş Holding, was taken into custody.

Prosecutor's office outlines scope

The Istanbul Chief Public Prosecutor's Office said its Bureau for Investigation of Terrorist Financing and Laundering Crimes examined shares in Işıklar Enerji ve Yapı Holding AŞ (IEYHO), Vişne Madencilik Üretim Sanayi ve Ticaret AŞ (VSNMD), Odine Solutions Teknoloji Ticaret ve Sanayi AŞ (ODINE) and Tera Finansal Yatırımlar Holding AŞ (TRHOL) as part of the fund investigations into capital markets transactions.

The review followed reports sent by the SPK and written applications. Allegations concerning the shares of those companies were evaluated and detention decisions were issued for 31 people. The prosecutor's office said the investigation is being conducted carefully under the relevant legislation.

Earlier arrests in the same case

Financial Crimes teams of the Istanbul Police Department carried out an operation that detained Pirnus Yapı Gayrimenkul Fatih branch manager Çetin Genç, former bureaucrat Eren Yeşilyurt, Alnus Yatırım Menkul Değerler board member Fadimenur Demir, Atlas Portföy board member Hakan Avdan and manager Gülsüm Doğan, other managers Osman Uçar and Canan Özdemir, Alnus Yatırım acting board chair Metin Kartal Emür, A1 Capital Portföy board chair Mustafa Terzi, Atlas Portföy shareholder Zuhal Topaloğlu, Alnus Yatırım board chair Seyit Tahir Özek, Atlas Portföy employee Konuralp Özkan, Pardus Portföy managers Rüstem Karakaya and Furkan Açar, Hedef Girişim Sermayesi Yatırım Ortaklığı board members Neda Soydan and Ömer Eryılmaz, manager Mustafa Zeki Kayahan, employee Anıl Tokat, Pardus Portföy general manager Mehmet Selim Tunçbilek, board member Ali Cesur and employee Ahmet Haluk Güner, bank portfolio employees Ümit Yılmaz, Yasemin Yılmaz and Burak Poyraz, Altınbaş Holding official İnan Altınbaş and Tera Portföy manager Ayşegül Kaya.

Suspects Ertan Aydın, Seda Tarım Kocabalkan, Abdullah Dal, Hakan Eryılmaz and Fatih Uğur were also detained in the investigation. Of those referred to court, Çetin Genç, Eren Yeşilyurt, Hakan Avdan, Konuralp Özkan, Metin Kartal Emür, Osman Uçar, Seyit Tahir Özek, Ahmet Haluk Güner, Mehmet Selim Tunçbilek, Mustafa Terzi and Ümit Yılmaz were jailed, while Fadimenur Demir, Gülsüm Doğan, Zuhal Topaloğlu and Yasemin Yılmaz were placed under a judicial control measure requiring them not to leave their residence.

Key takeaways

• Fifteen suspects were jailed after being referred yesterday to the Çağlayan courthouse in Istanbul.
• Seven other suspects received judicial control measures.
• The probe covers shares in IEYHO, VSNMD, ODINE and TRHOL and was opened after SPK reports and written applications.
• Detention decisions were issued for 31 people, and 11 suspects were jailed in an earlier stage of the same case.