An Istanbul court remanded four suspects, including former Capital Markets Board (SPK) deputy chairman Enver Usca, in custody on Nov. 7 as part of an investigation into investment fund transactions.
Usca, former SPK market surveillance and supervision department head Ercan Urkan and Mustafa Alper Taş, a department head at the Banking Regulation and Supervision Agency (BDDK), were remanded on suspicion of bribery.
Tera Holding’s administrative affairs director, Ümit Sincanlı, was remanded on suspicion of membership in a criminal organization and money laundering.
Former SPK corporate finance department head Kürşad Sait Babuçcu was released under judicial supervision, with a foreign travel ban and a requirement to report regularly to the authorities.
Former SPK board member Bülent Murat Haholu was released after questioning by prosecutors.
All six suspects were detained on Nov. 3 and taken to the Istanbul Courthouse on Nov. 6. The investigation is being conducted by the Istanbul Chief Public Prosecutor’s Office.
