Istanbul prosecutors order arrest of Tera Yatırım CEO and Tera Portföy chairman in fund probe

September 27, 2026 at 02:30 AM2 min

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Istanbul prosecutors ordered the arrest of Tera Yatırım CEO Emir Münir Sarpyener and Tera Portföy Chairman Erdin Özel in a fund investigation. Both had previously been barred from leaving Turkey. The investigation follows the resignation of AKP deputy leader Fatma Betül Sayan Kaya over alleged fund fraud.

Key Facts

Istanbul Chief Public Prosecutor's Office issued arrest warrants for Tera Yatırım CEO Emir Münir Sarpyener and Tera Portföy Chairman Erdin Özel on September 26, 2026.
Sarpyener and Özel were among 48 people previously placed under a travel ban in the fund investigation.
AKP Deputy Chairman and former Family and Social Policies Minister Fatma Betül Sayan Kaya resigned from all her posts after allegations of fund fraud.
YENİ Party spokesperson Zeynel Emre alleged that Fatma Betül Sayan Kaya invested approximately 63 million TL in Özata Denizcilik shares and withdrew 1 billion 344 million TL, while her husband İlyas Kaya invested about 99.7 million TL and withdrew 826 million TL.

Arrest Warrants

The Istanbul Chief Public Prosecutor's Office Money Laundering Investigation Bureau issued arrest warrants for Tera Yatırım CEO Emir Münir Sarpyener and Tera Portföy Chairman Erdin Özel. Both men had previously been subject to a travel ban as part of the fund investigation. The warrants were issued on September 26, 2026, according to Sabah and Cumhuriyet.

Investigation Background

The investigation gained momentum after AKP Deputy Chairman and former Family and Social Policies Minister Fatma Betül Sayan Kaya resigned from all her posts following allegations of fund fraud. Sarpyener and Özel were among 48 people placed under a travel ban in the case. YENİ Party spokesperson Zeynel Emre alleged that Kaya and her husband İlyas Kaya conducted high-value transactions in Özata Denizcilik shares. Emre claimed Kaya invested approximately 63 million TL and withdrew 1 billion 344 million TL, while her husband invested about 99.7 million TL and withdrew 826 million TL.