Judicial control imposed on İlyas Kaya and İbrahim Ömer Gönül in the fund investigation

Turkish authorities imposed judicial control measures on İlyas Kaya and former Capital Markets Board (SPK) chairman İbrahim Ömer Gönül as part of an ongoing fund investigation into transactions in the capital markets. The move signals that regulators and prosecutors are widening scrutiny of trading activity tied to investment funds. Judicial control typically restricts suspects' travel and requires periodic reporting to authorities, though it falls short of pre-trial detention. The specific transactions and fund vehicles under investigation were not detailed in the report. Watch for further SPK statements or indictments that clarify the scope of the probe and whether additional market participants are named.