Turkish Regulators Arrested in Fund Scandal

Turkish authorities have arrested top regulators in a widening fund scandal, according to local media.

Senior officials from Turkey's Capital Markets Board were taken into custody on Saturday, marking another development in a growing financial investigation. Enver Usca, the former deputy chairman, was arrested on bribery charges following a court order, reported by state-run Anadolu Agency. Usca's tenure at the regulator, known as the SPK, concluded on October 31. The arrests highlight increasing scrutiny of financial oversight in Turkey. This follows a series of high-profile cases involving officials and institutions, raising concerns about systemic issues within the financial sector. Analysts suggest the probe could have broader implications for investor confidence and regulatory integrity in the region.