Turkey Prosecutors Seek Probe of Former Capital Markets Board Chief

The significance lies less in the individual than in the target: an investigation reaching a former top markets regulator suggests the fund probe is widening beyond fund managers to the supervisory apparatus itself. That matters for Turkey's capital markets credibility, since the SPK is the body foreign and domestic issuers rely on for oversight. The procedural step of seeking ministry permission signals a case being built rather than a passing inquiry. Whether the probe stays confined to fund supervision or extends to other SPK-era decisions is the open question.