Opposition lawmaker claims insiders warned investors before September fund freeze

In a post on X, New Party parliamentarian Deniz Yavuzyılmaz asserted that a select group of investors were forewarned about the September 17 suspension of trading in 131 Turkish funds and pulled out their capital, while other investors faced the fallout. He blamed the Justice and Development Party for creating the conditions that led to the losses and said his party would pursue recovery of profits if it assumes power.

The lawmaker did not name the recipients of the alleged tipoff nor release supporting transaction records. One outlet estimates of the number of investors impacted differ, with one outlet mentioning about 353,000 and one outlet noting more than 500,000 accounts belonging to around 300,000 investors. The controversy also touches on the rapid growth of Tera Portföy’s First Hedge Fund, which expanded from 11 investors in early 2025 to over 43,000 by year-end, prompting calls for disclosure of original investors and their exit timing.