A post by @FirstSquawk on X.

Turkey arrested a former capital markets regulator official as part of a probe into a fund, according to Anadolu Agency. The detention signals widening scrutiny of Turkey's fund industry and the oversight bodies that supervise it. Details on the fund involved, the specific allegations and the official's identity were not immediately disclosed. The case matters because regulatory credibility is central to investor confidence in Turkish markets. Watch for formal charges, any expansion of the probe to other funds or officials, and the market reaction in Turkish assets.