As the repercussions of the fund fraud investigation continue to be felt across public institutions, a new claim regarding the management of Borsa İstanbul has emerged. Following the resignation of BDDK Chairman Şahap Kavcıoğlu, it is being suggested that Borsa İstanbul Board Chair Erişah Arıcan could also be removed from office.
The imprisonment of executives from the SPK, BDDK, and Takasbank as part of the investigation has led to a focus on regulatory and market institutions. Following statements by AKP member Şamil Tayyar regarding a "breach of the cosmic room" and claims that two more critical figures could be dismissed, attention had turned to Kavcıoğlu and Arıcan.
With expectations regarding Arıcan's situation strengthening alongside Kavcıoğlu's resignation, journalist Saygı Öztürk stated that the name being discussed for Borsa İstanbul is Hüseyin Aydın, the General Manager of Tarım Kredi Holding and former General Manager of Ziraat Bank.
The possibility of Erişah Arıcan leaving Borsa İstanbul is already high. It is highly likely that Hüseyin Aydın, the General Manager of Tarım Kredi Holding and former General Manager of Ziraat Bank, will be brought in to replace her. There is talk of him coming with a strong team.
AYDIN'S NAME HAD PREVIOUSLY SURFACED WITH HEKTAŞ SALE
The mention of Hüseyin Aydın's name for Borsa İstanbul has also brought the controversy surrounding the Hektaş share sale, which he signed off on during his time at Tarım Kredi Kooperatifleri, back to the agenda. Tarımdan Haber reporter Saadettin İnan reminded that Aydın had been criticized for the 2022 transaction.
The 3.8 percent stake in Hektaş, which Tarım Kredi had held for approximately 50 years, was transferred to Oyak Gıda ve Tarım Holding A.Ş. in August 2022 via an off-market block sale on the grounds that its "market value to book value ratio was high."
It was stated that the sale price was 1.1 billion lira, while the value of the shares in question rose to the 4.8 billion lira level approximately 3.5 months later. This situation brought about a debate regarding a potential loss of approximately 4 billion lira for Tarım Kredi.
At the time, Aydın had defended the sale, claiming the shares were sold at their "value." No official statement has yet been made regarding a possible management change at Borsa İstanbul.
News Source: 12punto
