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Live Updates  >  Live Update Details

2026-09-20 01:32:10

Turkish authorities have launched an investigation into a suspected Ponzi scheme-like investment fund, resulting in the recent detention of several senior financial executives. Turkish officials detained several prominent financial figures on Saturday as part of an investigation into a Ponzi scheme-like investment fund. Among those detained are Emre Tezmen, chairman of Tera Holding, and board members Emre Alkin and Kerem Alkin. An arrest warrant for Serdar Turhan, chairman of Pusula Holding, had been issued previously. Altunc Kumova, chairman of Destek Holding, who was detained on September 17, has now been formally arrested.

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