Justice and Development Party Deputy Chair Resigns Amid Share Trading Allegations
- Reports
- 6
- Developments
- 2
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Fatma Betül Sayan Kaya, deputy chairwoman of Justice and Development Party, resigned after being accused of selling shares worth tens of millions of dollars shortly before a stock market crisis on September 16. Zeynel Emre, a spokesperson for the New Party, claimed Kaya received 1.3 billion Turkish lira ($27.5 million) from the sale of shares, most of which were in shipbuilding company Ozata Denizcilik. The Istanbul Chief Public Prosecutor’s Office has launched legal proceedings against 76 people related to the investigation.
Why it matters
The allegations center on suspected share-price manipulation involving several investment funds, which contributed to Turkish stocks plunging on September 16. The scandal challenges the political integrity and stability of the Justice and Development Party leadership, which functions as the ruling political body within Turkey.
Officials from the Justice and Development Party are under investigation in the Üsküdar district of Istanbul.
Who's involved
- Justice and Development PartyThe conservative-democratic political party whose official is under investigation.
- Zeynel EmreA spokesperson for the New Party who made the allegations against Kaya.
- Fatma Betül Sayan KayaDeputy chairwoman of Justice and Development Party who resigned amid the allegations.
How this reaches others
Each traced step by step, with the reporting behind it- How will the allegations against a JDP official affect Recep Tayyip Erdoğan's political standing?Scandal involving deputy chairwoman challenges Erdoğan's political integrityReported
- How will the allegations of illicit funds affect Fatma Betül Sayan Kaya?Kaya resigned from ruling party amid illicit fund allegations and legal probeReported
How it developed
Newest first. Tap a step to see who reported it.Allegations of illicit funds were made against JDP official Kaya.1 source
Kaya resigned from the party; Emre claimed she sold shares.1 source
Keep exploring
The entities involved
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Justice and Development Party
conservative-democratic political party in Turkey
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Zeynel Emre
Turkish statesperson (born 1981)
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