Turkey bans Tera Yatırım chairman Emre Tezmen from leaving country

September 17, 2026 at 01:45 PM1 min

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Turkish authorities imposed a travel ban on Emre Tezmen, chairman of Tera Yatırım, as part of an Istanbul prosecutor's investigation. The move follows the arrest of Pusula Portföy board member Muhammed Yarız and a liquidity crisis at several fund companies. The Capital Markets Board halted trading in 130 funds belonging to seven major companies.

Key Facts

Emre Tezmen, chairman of Tera Yatırım, was banned from leaving Turkey as part of an Istanbul Chief Public Prosecutor's investigation.
The Capital Markets Board halted all trading in 130 funds belonging to seven major companies.
The Financial Stability Committee, chaired by Treasury and Finance Minister Mehmet Şimşek, met this morning and implemented a series of measures.
The arrest of Pusula Portföy board member Muhammed Yarız triggered a liquidity crisis at multiple fund companies.

Travel Ban

Emre Tezmen, chairman of Tera Yatırım, was banned from leaving Turkey as part of an Istanbul Chief Public Prosecutor's investigation. The ban was imposed after the arrest of Pusula Portföy board member Muhammed Yarız. Tera Yatırım holds some of Turkey's largest investment funds.

Market Measures

The Financial Stability Committee, chaired by Treasury and Finance Minister Mehmet Şimşek, met this morning and implemented a series of measures. The Capital Markets Board halted all trading in 130 funds belonging to seven major companies. The decision to liquidate the funds was made after sharp declines on Borsa Istanbul throughout the day.