Former Turkish minister in preventive detention in case related to investment fund

A former Turkish minister has been placed in pre-trial detention amid an investigation into a multi-billion dollar investment fund scandal affecting numerous investors. Fatma Betül Sayan Kaya was detained by an Istanbul court for violating financial market laws in an organized group. She served as Minister of Family from 2016 to 2018 and recently resigned from her position in the ruling AKP party after allegations of profiting from the scandal. Kaya and her husband allegedly made millions by selling shares before the scandal became public, raising suspicions of insider trading. The Turkish public prosecutor is investigating widespread market manipulations impacting around half a million investors, with 112 individuals already detained in connection with the case.

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