Turkish authorities initiated an investigation into the financial activities of three Pusula executives. These executives were previously arrested in a broader fund investigation.
The Istanbul Chief Public Prosecutor's Office is examining suspicious money transfers to accounts abroad. These transfers allegedly occurred before the Capital Markets Board (SPK) initiated a liquidation process.
The investigation will scrutinize the suspects' bank and brokerage accounts for these transfers.
This development is part of a larger scandal unfolding in Turkey's financial markets. The scandal began in mid-September amid allegations of widespread market manipulation.