Erdogan says Turkey faces no economic risk from fund probe

September 24, 2026 at 08:12 PM1 min

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President Recep Tayyip Erdogan said on Tuesday that an investigation into a limited number of funds posed no risk to Turkey's financial system or economy. Speaking to reporters at the Turkish House in New York after the UN General Assembly, he said authorities had made detentions and arrests and that all those responsible would be held accountable.

Key Facts

Erdogan said the fund probe concerned a limited area of capital markets and a certain number of funds, not the entire market.
He stated that the situation posed no risk to Turkey's financial system or economy.
The judiciary has launched a comprehensive investigation, with some detentions and arrests already made.
Erdogan promised that anyone with responsibility would be held accountable before the law.
He said legal and administrative measures would be implemented to prevent a recurrence.

The Fund Investigation

Erdogan described the issue as limited to a specific area of capital markets and a certain number of funds. He said portraying it as a problem for the entire market would be an injustice to the Turkish stock exchange. The judiciary has launched a comprehensive investigation, with some detentions and arrests already carried out.

Accountability and Market Integrity

Erdogan said all necessary steps are being taken and will be taken within the framework of capital market principles and law. He stressed that anyone with responsibility would be held accountable before the law, with no room for doubt. He also said the process must be transparent and sensitive due to the nature of capital markets.

Preventive Measures

Erdogan said legal and administrative regulations, along with any other necessary measures, would be implemented to prevent a similar problem from recurring. He warned that no one had the right to exploit the situation or cause public anxiety.