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Turkey orders banks to liquidate funds in suspected Ponzi scheme affecting 300,000 investors
Financial Times·TR·1 day ago
Turkish authorities have detained high-ranking financial sector officials as part of an investigation tied to the ordered liquidation of 131 funds. The scale of the fund liquidations suggests a systemic regulatory crackdown, though the specific charges and identities of those detained remain unclear. This signals heightened state intervention in Turkey's financial sector, potentially affecting investor confidence.
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