Türkiye Authorizes Investigation of Former Capital Markets Chief
Finance Minister Mehmet Şimşek approved a prosecutor’s request to investigate former SPK head İbrahim Ömer Gönül over alleged misconduct.
Key takeaways
- Mehmet Şimşek authorized an investigation into former SPK chairman İbrahim Ömer Gönül.
- Prosecutors cited alleged failures in oversight of investment funds and four ongoing inquiries into market transactions.
Türkiye’s Finance Minister Mehmet Şimşek authorized an investigation into former Capital Markets Board (SPK) chairman İbrahim Ömer Gönül over alleged abuse of office, according to Ekonomim.
The Istanbul Chief Public Prosecutor’s Office requested permission on September 30. In its submission, prosecutors cited “clear and sufficient indications” that Gönül had failed to carry out his responsibilities for overseeing investment funds while he led the SPK.
The request relates to four ongoing investigations into alleged manipulative transactions in some Borsa Istanbul shares. Prosecutors said the alleged transactions involved investment funds and portfolio management companies. Gönül gave a statement as a suspect on September 30 in connection with the fund investigations.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
