Four people, including former CMB deputy chair Enver Usca, arrested in fund probe

Former Capital Markets Board Deputy Chair Enver Usca, former CMB Department Head Ercan Urkan, Banking Regulation and Supervision Agency Department Head Mustafa Alper Taş and Tera Holding executive Ümit Sincanlı were remanded in custody in the fund investigation led by the Istanbul Chief Public Prosecutor’s Office.

Four more suspects were remanded in custody in the investigation into capital-market transactions led by the Istanbul Chief Public Prosecutor’s Office. A criminal judgeship of peace ordered the detention of former Capital Markets Board (CMB) Deputy Chair Enver Usca, former CMB Head of the Market Surveillance and Supervision Department Ercan Urkan, and Banking Regulation and Supervision Agency (BRSA) Head of the 4th Implementation Department Mustafa Alper Taş on charges of "bribery."

Ümit Sincanlı, Tera Holding’s Director of Administrative Affairs, was remanded in custody on charges of "membership in an organization established for the purpose of committing a crime" and "laundering assets derived from crime." Judicial control measures in the form of a signature requirement and a travel ban were imposed on former CMB Head of the Corporate Finance Department Kürşat Sait Babuçcu. Former CMB Board Member Bülent Murat Haholu was released after giving a statement to the prosecutor’s office.

İstanbul Cumhuriyet Başsavcılığının da bulunduğu Çağlayan'daki adliye binası

Six suspects detained on Nov. 3 as part of the investigation were referred to the courthouse on Nov. 6. With the latest arrests, the total number of people in custody in the investigation has risen to 118.

Former Family and Social Policies Minister Fatma Betül Sayan Kaya had also previously been remanded in custody in the same investigation.

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