Bahçeli addresses fund crisis, cites PKK cost at $2.3 trillion

October 3, 2026 at 07:14 PM2 min

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MHP leader Devlet Bahçeli issued a written statement on the fund investigation and municipal corruption, saying some investors' risk-taking was their own choice. He said the essential question is whether fund managers destabilized the financial system through manipulation, fraud, or abuse of trust. Bahçeli also cited the PKK's minimum cost to Turkey's economy at $2.3 trillion.

Key Facts

Bahçeli said the PKK's minimum calculable cost to Turkey's economy is $2.3 trillion, citing the president's figure, while a TASAV study for 1984–2024 put it at $2.17 trillion.
Bahçeli stated that the February 6 earthquakes' minimum cost exceeded $110 billion.
Bahçeli said Turkey's national income reached $1.7 trillion and per capita income reached $18,000.
Bahçeli said the fund investigation is not limited to investors who lost money, and that some investors' risk-taking was their own discretion.
Bahçeli said the essential issue is whether fund managers committed illegal acts such as market manipulation, fraud, and abuse of trust during fund management.

Fund Investigation Stance

Bahçeli said the fund investigation is not limited to investors who lost money, and that some investors' risk-taking was their own discretion. He said the essential issue is whether fund managers destabilized the financial system and economy through illegal acts such as information leaks, market manipulation, fraud, and abuse of trust. Bahçeli emphasized that the fund market affects the confidence and stability of the entire economy, not just savers seeking returns. He said Turkey is undergoing a purification process in which corruption and irregularities are being exposed while the People's Alliance prepares the country for global competition.

Economic Costs Cited

Bahçeli said the PKK's minimum calculable cost to Turkey's economy is $2.3 trillion, citing the president's figure, while a TASAV study for 1984–2024 put it at $2.17 trillion. He stated that the February 6 earthquakes' minimum cost exceeded $110 billion. Bahçeli said the US/Israel–Iran war imposed significant costs on Turkey's economy through market interventions, reserve effects, inflation, energy and fuel costs, and risks to foreign trade and tourism. He said global oil supply disruptions were larger than similar past shocks, causing inflation targets to deviate.

Economic Resilience Claim

Bahçeli said Turkey's national income reached $1.7 trillion and per capita income reached $18,000. He said Turkey has low unemployment, high export capacity, sustainable current account deficit, and sound debt management and budget balance. Bahçeli said Turkey managed the pandemic without victimizing any citizen, in a system admired worldwide. He said the financial system is built on trust, and citizens, especially small investors, express confidence in the system and its regulators when they invest.