Turkey AK Party deputy chair resigns over insider-trading allegation amid market selloff
A deputy chair of Turkey's ruling AK Party resigned after an opposition politician alleged she profited from share trades ahead of a funds crisis that triggered a major stock market selloff. The resignation is a political development, but the underlying allegation of insider trading and the market turmoil it references carry financial and governance implications. The claim is an allegation, not yet substantiated, and the extent of the market impact remains unclear.
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Turkey — 18 developments
Turkey: AKP Vice President Resigns Amid Stock Trading Scandal
Fatma Betül Sayan Kaya, AKP Vice President and former Minister, has resigned from all party positions. This follows allegations of profiting from stock trades prior to a significant market selloff and investment fund crisis. The resignation is confirmed, but the insider trading allegations remain unsubstantiated.