In Turkey, the debacle of investment funds with sprawling financial and political ramifications

The investment fund scandal in Turkey continues to escalate, impacting the ruling party financially and politically. Recently, it was disclosed that Fatih Erdogan's assets were frozen due to his involvement with Pasifik Holding, linked to a Ponzi scheme exceeding 16 billion euros. This follows the resignation of AKP vice-president Fatma Betül Sayan Kaya, accused of insider trading. Other officials, including two current ministers, have also faced allegations, while AKP spokesperson Ömer Çelik has been implicated, leading to the arrest of journalists covering the story.