Crime & Law · World
Turkish Fund Scam Affects Over 450,000 Investors, Chairman Arrested
Turkish authorities arrested the chairman of Tera Yatirim Menkul Degerler AS, a brokerage firm, on Wednesday. The firm is at the center of an investment fund scandal involving over 450,000 investors. Funds worth more than $18 billion (approximately €15.7 billion) are being liquidated. One investor, Mehmed Kervanci, described frantically trying to sell his holdings after investing savings based on a relative's advice.
How outlets across the spectrum covered it
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- Centre (2): Euronews, Mint