Assets of Mustafa Yazıcı, son of Hayati Yazıcı, frozen in fund investigation

In the case known to the public as the "fund investigation," it has been stated that the assets of Mustafa Yazıcı, son of AKP Deputy Chairman for Political and Legal Affairs Hayati Yazıcı, have been frozen.

The investigation is being conducted by the Bureau of Investigation for Terrorism Financing and Money Laundering Crimes under the Istanbul Chief Public Prosecutor's Office.

The file examines allegations of "laundering assets derived from crime," regulated under Article 282 of the Turkish Penal Code No. 5237, and opposition to the Capital Markets Law No. 6362.

TİP MP Ahmet Şık announced the decision on his social media account.

In his post, Şık also included the documents sent by the bureau conducting the investigation to the relevant institutions.

In the investigation conducted regarding the fund robbery, the assets of Mustafa Yazıcı, son of AKP founder, former minister, and current AKP Deputy Chairman for Political and Legal Affairs Hayati Yazıcı, have also been frozen.

ALLEGATIONS IN THE INVESTIGATION DOCUMENT

The investigation document stated that there were reports that manipulative actions in some stocks traded on the Borsa İstanbul Equity Market were carried out through the portfolio management sector and funds, and that an ex officio investigation was initiated in this context.

The document alleged that value increases in some stocks reached up to approximately 100 times, that these movements were evaluated as "abnormal price movements," and that a large portion of the stocks were collected through funds. It was noted that in the stocks purchased through fund transactions, both the company share value and the fund values increased.

In the Prosecutor's Office letter, it was argued that when the market value, capital, equity, and periodic profit announcements of the companies are examined together, there is a "gulf" between the current trading prices and the book values of some stocks.

The document further alleged that fund owners individually purchased the relevant stocks, these purchases created demand and raised prices, and then the subsequent sale of the stocks to the funds led to a renewed increase in both share and fund values. It was stated that an artificial rise was achieved in this process to gain benefits, and that there is strong suspicion of crime regarding the crime of market fraud.

The letter also noted that it was determined that 131 funds were closed to buying and selling transactions on TEFAS in accordance with the decision of the Capital Markets Board Decision-Making Body dated September 17, 2026.

The Chief Public Prosecutor's Office requested that measures be taken on transactions that reduce assets, such as transfers, sales, donations, mortgages, pledges, account closures, high-amount cash withdrawals, and EFT/wire transfers, covering the relevant natural persons as well as their spouses and children. It was requested that the opinion of the Chief Public Prosecutor's Office be obtained before such transactions are carried out and that suspicious transactions be reported without delay.

Furthermore, it was requested that an announcement be made to the Banks Association of Turkey, the Participation Banks Association of Turkey, and the Notaries Union of Turkey; and that registered assets be identified by the General Directorate of Land Registry and Cadastre, the General Directorate of Maritime Affairs, and the General Directorate of Civil Aviation. The document also requested that the capital market instruments in the accounts of the relevant persons be frozen and that notifications be made to MASAK regarding transactions that reduce assets.

News Source: 12punto